THE WOODBURY BANKING COMPANY Failed 2016
What happened
THE WOODBURY BANKING COMPANY of WOODBURY, GA was closed on 2016-08-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to UNITED BANK (ZEBULON, GA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 4087
- FDIC Certificate
- 11297
- FDIC FIN
- 10521
- Bank name
- THE WOODBURY BANKING COMPANY
- Location
- WOODBURY, GA
- Failure date
- 2016-08-19
- FDIC resolution date
- 2016-08-19
- 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.)
- $3M
- Deposits at failure
- $21M
- Assets at failure
- $21M
- Acquiring bank
- UNITED BANK (ZEBULON, GA)
Other banks UNITED BANK acquired in FDIC resolutions