FRONTIER BANK Failed 2013
What happened
FRONTIER BANK of LAGRANGE, GA was closed on 2013-03-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HERITAGE BANK OF THE SOUTH (ALBANY, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4037
- FDIC Certificate
- 16431
- FDIC FIN
- 10471
- Bank name
- FRONTIER BANK
- Location
- LAGRANGE, GA
- Failure date
- 2013-03-08
- FDIC resolution date
- 2013-03-08
- 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.)
- $73M
- Deposits at failure
- $224M
- Assets at failure
- $259M
- Acquiring bank
- HERITAGE BANK OF THE SOUTH (ALBANY, GA)
Other banks HERITAGE BANK OF THE SOUTH acquired in FDIC resolutions