DECATUR FIRST BANK Failed 2011
What happened
DECATUR FIRST BANK of DECATUR, GA was closed on 2011-10-21. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIDELITY BANK (ATLANTA, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3972
- FDIC Certificate
- 34392
- FDIC FIN
- 10407
- Bank name
- DECATUR FIRST BANK
- Location
- DECATUR, GA
- Failure date
- 2011-10-21
- FDIC resolution date
- 2011-10-21
- 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.)
- $25M
- Deposits at failure
- $172M
- Assets at failure
- $185M
- Acquiring bank
- FIDELITY BANK (ATLANTA, GA)
Other banks FIDELITY BANK acquired in FDIC resolutions