COMMUNITY BANK OF ROCKMART Failed 2011
What happened
COMMUNITY BANK OF ROCKMART of ROCKMART, GA was closed on 2011-11-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CENTURY BANK OF GEORGIA (CARTERSVILLE, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3978
- FDIC Certificate
- 57860
- FDIC FIN
- 10412
- Bank name
- COMMUNITY BANK OF ROCKMART
- Location
- ROCKMART, GA
- Failure date
- 2011-11-10
- FDIC resolution date
- 2011-11-10
- 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.)
- $20M
- Deposits at failure
- $56M
- Assets at failure
- $62M
- Acquiring bank
- CENTURY BANK OF GEORGIA (CARTERSVILLE, GA)