# CONVENANT BANK & TRUST

> **Failed bank** · ROCK SPRING, GA · failed 2012-03-23 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $30M

## What happened

CONVENANT BANK & TRUST of ROCK SPRING, GA was closed by regulators on **2012-03-23**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **STEARNS BANK, NATIONAL ASSOCIATION** (ST.CLOUD, MN). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3997
- **FDIC Certificate:** 58068
- **FDIC FIN:** 10430
- **Bank name:** CONVENANT BANK & TRUST
- **Location:** ROCK SPRING, GA
- **Failure date:** 2012-03-23
- **FDIC resolution date:** 2012-03-23
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $30M
- **Deposits at failure:** $91M
- **Assets at failure:** $96M
- **Acquiring bank:** STEARNS BANK, NATIONAL ASSOCIATION (ST.CLOUD, MN)

## Other banks STEARNS BANK, NATIONAL ASSOCIATION has acquired in FDIC resolutions

- COPPER STAR BANK (SCOTTSDALE, AZ) — failed 2010-11-12 — /failed-bank/3878
- FIRST STATE BANK (SARASOTA, FL) — failed 2009-08-07 — /failed-bank/3665
- COMMUNITY NATIONAL BANK OF SARASOTA COUNTY (VENICE, FL) — failed 2009-08-07 — /failed-bank/3664
- HORIZON BANK (PINE CITY, MN) — failed 2009-06-26 — /failed-bank/3634

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CONVENANT%20BANK%20%26%20TRUST

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CONVENANT BANK & TRUST (FDIC ID 3997), failed 2012-03-23. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/3997.

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