# JASPER BANKING COMPANY

> **Failed bank** · JASPER, GA · failed 2012-07-27 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $49M

## What happened

JASPER BANKING COMPANY of JASPER, GA was closed by regulators 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
- **Estimated FDIC DIF cost:** $49M
- **Deposits at failure:** $204M
- **Assets at failure:** $207M
- **Acquiring bank:** STEARNS BANK NATIONAL ASSOCIATION (ST. CLOUD, MN)

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

- FIRST EAST SIDE SAVINGS BANK (TAMARAC, FL) — failed 2012-10-19 — /failed-bank/4027

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=JASPER%20BANKING%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, JASPER BANKING COMPANY (FDIC ID 4021), failed 2012-07-27. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/4021.

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