# FIRST GEORGIA BANKING COMPANY

> **Failed bank** · FRANKLIN, GA · failed 2011-05-20 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $135M

## What happened

FIRST GEORGIA BANKING COMPANY of FRANKLIN, GA was closed by regulators 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:** 3933
- **FDIC Certificate:** 57647
- **FDIC FIN:** 10366
- **Bank name:** FIRST GEORGIA BANKING COMPANY
- **Location:** FRANKLIN, 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
- **Estimated FDIC DIF cost:** $135M
- **Deposits at failure:** $702M
- **Assets at failure:** $731M
- **Acquiring bank:** CERTUS BANK, N.A. (EASLEY, SC)

## Other banks CERTUS BANK, N.A. has acquired in FDIC resolutions

- ATLANTIC SOUTHERN BANK (MACON, GA) — failed 2011-05-20 — /failed-bank/3932

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20GEORGIA%20BANKING%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST GEORGIA BANKING COMPANY (FDIC ID 3933), failed 2011-05-20. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3933.

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