MOUNTAIN HERITAGE BANK Failed 2011
What happened
MOUNTAIN HERITAGE BANK of CLAYTON, GA was closed on 2011-06-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST AMERICAN BANK AND TRUST COMPANY (ATHENS, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3938
- FDIC Certificate
- 57593
- FDIC FIN
- 10372
- Bank name
- MOUNTAIN HERITAGE BANK
- Location
- CLAYTON, GA
- Failure date
- 2011-06-24
- FDIC resolution date
- 2011-06-24
- 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.)
- $34M
- Deposits at failure
- $90M
- Assets at failure
- $104M
- Acquiring bank
- FIRST AMERICAN BANK AND TRUST COMPANY (ATHENS, GA)
Other banks FIRST AMERICAN BANK AND TRUST COMPANY acquired in FDIC resolutions