FIRST CHOICE COMMUNITY BANK Failed 2011
What happened
FIRST CHOICE COMMUNITY BANK of DALLAS, GA was closed on 2011-04-29. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF THE OZARKS (LITTLE ROCK, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3929
- FDIC Certificate
- 58539
- FDIC FIN
- 10361
- Bank name
- FIRST CHOICE COMMUNITY BANK
- Location
- DALLAS, GA
- Failure date
- 2011-04-29
- FDIC resolution date
- 2011-04-29
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $105M
- Deposits at failure
- $295M
- Assets at failure
- $291M
- Acquiring bank
- BANK OF THE OZARKS (LITTLE ROCK, AR)
Other banks BANK OF THE OZARKS acquired in FDIC resolutions