CENTRAL BANK OF GEORGIA Failed 2012
What happened
CENTRAL BANK OF GEORGIA of ELLAVILLE, GA was closed on 2012-02-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to AMERIS BANK (MOULTRIE, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3992
- FDIC Certificate
- 5687
- FDIC FIN
- 10426
- Bank name
- CENTRAL BANK OF GEORGIA
- Location
- ELLAVILLE, GA
- Failure date
- 2012-02-24
- FDIC resolution date
- 2012-02-24
- 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.)
- $52M
- Deposits at failure
- $267M
- Assets at failure
- $279M
- Acquiring bank
- AMERIS BANK (MOULTRIE, GA)
Other banks AMERIS BANK acquired in FDIC resolutions