# FIRST SOUTHERN NATIONAL BANK

> **Failed bank** · STATESBORO, GA · failed 2011-08-19 · National commercial bank (OCC-chartered) · FDIC cost $22M

## What happened

FIRST SOUTHERN NATIONAL BANK of STATESBORO, GA was closed by the OCC 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FRONTIER BANK (LAGRANGE, GA) — failed 2013-03-08 — /failed-bank/4037
- CITIZENS BANK OF EFFINGHAM (SPRINGFIELD, GA) — failed 2011-02-18 — /failed-bank/3910

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20SOUTHERN%20NATIONAL%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST SOUTHERN NATIONAL BANK (FDIC ID 3958), failed 2011-08-19. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3958.

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