HOMETOWN COMMUNITYBANK Failed 2012
What happened
HOMETOWN COMMUNITYBANK of BRASELTON, GA was closed on 2012-11-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CERTUSBANK, NATIONAL ASSOCIATION (EASLEY, SC). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4032
- FDIC Certificate
- 57928
- FDIC FIN
- 10466
- Bank name
- HOMETOWN COMMUNITYBANK
- Location
- BRASELTON, GA
- Failure date
- 2012-11-16
- FDIC resolution date
- 2012-11-16
- 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.)
- $40M
- Deposits at failure
- $109M
- Assets at failure
- $125M
- Acquiring bank
- CERTUSBANK, NATIONAL ASSOCIATION (EASLEY, SC)
Other banks CERTUSBANK, NATIONAL ASSOCIATION acquired in FDIC resolutions