THE BANK OF GEORGIA Failed 2015
What happened
THE BANK OF GEORGIA of PEACHTREE CITY, GA was closed on 2015-10-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIDELITY BANK (ATLANTA, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4083
- FDIC Certificate
- 35259
- FDIC FIN
- 10516
- Bank name
- THE BANK OF GEORGIA
- Location
- PEACHTREE CITY, GA
- Failure date
- 2015-10-02
- FDIC resolution date
- 2015-10-02
- 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.)
- $28M
- Deposits at failure
- $264M
- Assets at failure
- $286M
- Acquiring bank
- FIDELITY BANK (ATLANTA, GA)
Other banks FIDELITY BANK acquired in FDIC resolutions