10 failed banks ยท 2009 to 2012
Failed banks taken over by Ameris Bank
Ameris Bank of Moultrie, Georgia took over ten failed banks between 2009 and 2012, the third-highest count among the 318 acquirers of that period. Together they reported $2.1 billion in assets and $2.0 billion in deposits at closing. The largest was Darby Bank & Trust Co., at $655 million. The banks were spread over two states, most in Georgia (9). Four of the deals came in 2010. The first was American United Bank of Lawrenceville, on October 23, 2009. The most recent was Montgomery Bank & Trust of Ailey, on July 6, 2012. The FDIC's estimated loss on these failures totals $532 million, a median of 25% of each bank's assets.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| October 23, 2009 | American United Bank | Lawrenceville, GA | $110 million | $44.0 million |
| November 6, 2009 | United Security Bank | Sparta, GA | $154 million | $60.9 million |
| May 14, 2010 | Satilla Community Bank | Saint Marys, GA | $136 million | $36.3 million |
| October 22, 2010 | First Bank of Jacksonville | Jacksonville, FL | $73.9 million | $14.3 million |
| November 12, 2010 | Darby Bank & Trust Co. | Vidalia, GA | $655 million | $126 million |
| November 12, 2010 | Tifton Banking Company | Tifton, GA | $144 million | $21.4 million |
| July 15, 2011 | High Trust Bank | Stockbridge, GA | $180 million | $70.8 million |
| July 15, 2011 | One Georgia Bank | Atlanta, GA | $178 million | $40.6 million |
| February 24, 2012 | Central Bank of Georgia | Ellaville, GA | $279 million | $51.8 million |
| July 6, 2012 | Montgomery Bank & Trust | Ailey, GA | $153 million | $65.8 million |
The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.