ALABAMA TRUST BANK, NATIONAL ASSOCIATION Failed 2012

SYLACAUGA, AL · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

ALABAMA TRUST BANK, NATIONAL ASSOCIATION of SYLACAUGA, AL was closed on 2012-05-18. The FDIC was named receiver.

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

Deposits were transferred to SOUTHERN STATES BANK (ANNISTON, AL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4006
FDIC Certificate
35224
FDIC FIN
10440
Bank name
ALABAMA TRUST BANK, NATIONAL ASSOCIATION
Location
SYLACAUGA, AL
Failure date
2012-05-18
FDIC resolution date
2012-05-18
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$11M
Deposits at failure
$45M
Assets at failure
$52M
Acquiring bank
SOUTHERN STATES BANK (ANNISTON, AL)