MCINTOSH STATE BANK Failed 2011
What happened
MCINTOSH STATE BANK of JACKSON, GA was closed on 2011-06-17. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HAMILTON STATE BANK (HOSCHTON, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3936
- FDIC Certificate
- 19237
- FDIC FIN
- 10371
- Bank name
- MCINTOSH STATE BANK
- Location
- JACKSON, GA
- Failure date
- 2011-06-17
- FDIC resolution date
- 2011-06-17
- 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.)
- $75M
- Deposits at failure
- $324M
- Assets at failure
- $340M
- Acquiring bank
- HAMILTON STATE BANK (HOSCHTON, GA)
Other banks HAMILTON STATE BANK acquired in FDIC resolutions