THE FIRST STATE BANK Failed 2012
What happened
THE FIRST STATE BANK of STOCKBRIDGE, GA was closed on 2012-01-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HAMILTON STATE BANK (HOSCHTON, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3983
- FDIC Certificate
- 19252
- FDIC FIN
- 10419
- Bank name
- THE FIRST STATE BANK
- Location
- STOCKBRIDGE, GA
- Failure date
- 2012-01-20
- FDIC resolution date
- 2012-01-20
- 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.)
- $192M
- Deposits at failure
- $509M
- Assets at failure
- $517M
- Acquiring bank
- HAMILTON STATE BANK (HOSCHTON, GA)
Other banks HAMILTON STATE BANK acquired in FDIC resolutions