DOUGLAS COUNTY BANK Failed 2013
What happened
DOUGLAS COUNTY BANK of DOUGLASVILLE, GA was closed on 2013-04-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HAMILTON STATE BANK (HOSCHTON, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4042
- FDIC Certificate
- 21649
- FDIC FIN
- 10476
- Bank name
- DOUGLAS COUNTY BANK
- Location
- DOUGLASVILLE, GA
- Failure date
- 2013-04-26
- FDIC resolution date
- 2013-04-26
- 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.)
- $90M
- Deposits at failure
- $315M
- Assets at failure
- $317M
- Acquiring bank
- HAMILTON STATE BANK (HOSCHTON, GA)
Other banks HAMILTON STATE BANK acquired in FDIC resolutions