FIRST SOUTHERN NATIONAL BANK Failed 2011
What happened
FIRST SOUTHERN NATIONAL BANK of STATESBORO, GA was closed on 2011-08-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HERITAGE BANK OF THE SOUTH (ALBANY, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3958
- FDIC Certificate
- 57239
- FDIC FIN
- 10391
- Bank name
- FIRST SOUTHERN NATIONAL BANK
- Location
- STATESBORO, GA
- Failure date
- 2011-08-19
- FDIC resolution date
- 2011-08-19
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $22M
- Deposits at failure
- $160M
- Assets at failure
- $165M
- Acquiring bank
- HERITAGE BANK OF THE SOUTH (ALBANY, GA)
Other banks HERITAGE BANK OF THE SOUTH acquired in FDIC resolutions