MONTGOMERY BANK & TRUST Failed 2012
What happened
MONTGOMERY BANK & TRUST of AILEY, GA was closed on 2012-07-06. 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
- 4014
- FDIC Certificate
- 19498
- FDIC FIN
- 10448
- Bank name
- MONTGOMERY BANK & TRUST
- Location
- AILEY, GA
- Failure date
- 2012-07-06
- FDIC resolution date
- 2012-07-06
- 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.)
- $66M
- Deposits at failure
- $164M
- Assets at failure
- $153M
- Acquiring bank
- AMERIS BANK (MOULTRIE, GA)
Other banks AMERIS BANK acquired in FDIC resolutions