SUNRISE BANK Failed 2013

VALDOSTA, GA · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

SUNRISE BANK of VALDOSTA, GA was closed on 2013-05-10. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to SYNOVUS BANK (COLUMBUS, GA). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4044
FDIC Certificate
58185
FDIC FIN
10481
Bank name
SUNRISE BANK
Location
VALDOSTA, GA
Failure date
2013-05-10
FDIC resolution date
2013-05-10
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.)
$16M
Deposits at failure
$58M
Assets at failure
$61M
Acquiring bank
SYNOVUS BANK (COLUMBUS, GA)