ATLANTIC SOUTHERN BANK Failed 2011
What happened
ATLANTIC SOUTHERN BANK of MACON, GA was closed on 2011-05-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CERTUS BANK, N.A. (EASLEY, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3932
- FDIC Certificate
- 57213
- FDIC FIN
- 10365
- Bank name
- ATLANTIC SOUTHERN BANK
- Location
- MACON, GA
- Failure date
- 2011-05-20
- FDIC resolution date
- 2011-05-20
- 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.)
- $281M
- Deposits at failure
- $708M
- Assets at failure
- $742M
- Acquiring bank
- CERTUS BANK, N.A. (EASLEY, SC)
Other banks CERTUS BANK, N.A. acquired in FDIC resolutions