JASPER BANKING COMPANY Failed 2012
What happened
JASPER BANKING COMPANY of JASPER, GA was closed on 2012-07-27. 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
- 4021
- FDIC Certificate
- 16240
- FDIC FIN
- 10455
- Bank name
- JASPER BANKING COMPANY
- Location
- JASPER, GA
- Failure date
- 2012-07-27
- FDIC resolution date
- 2012-07-27
- 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.)
- $49M
- Deposits at failure
- $204M
- Assets at failure
- $207M
- Acquiring bank
- STEARNS BANK NATIONAL ASSOCIATION (ST. CLOUD, MN)
Other banks STEARNS BANK NATIONAL ASSOCIATION acquired in FDIC resolutions