SECURITY EXCHANGE BANK Failed 2012
What happened
SECURITY EXCHANGE BANK of MARIETTA, GA was closed on 2012-06-15. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIDELITY BANK (ATLANTA, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4013
- FDIC Certificate
- 35299
- FDIC FIN
- 10446
- Bank name
- SECURITY EXCHANGE BANK
- Location
- MARIETTA, GA
- Failure date
- 2012-06-15
- FDIC resolution date
- 2012-06-15
- 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.)
- $45M
- Deposits at failure
- $148M
- Assets at failure
- $151M
- Acquiring bank
- FIDELITY BANK (ATLANTA, GA)
Other banks FIDELITY BANK acquired in FDIC resolutions