Failed Bank List

4 failed banks ยท 2011 to 2013

Failed banks taken over by CertusBank, National Association

CertusBank, National Association of Easley, South Carolina took over four failed banks between 2011 and 2013, the 17th-highest count among the 318 acquirers of that period. Together they reported $1.7 billion in assets and $1.6 billion in deposits at closing. The largest was Atlantic Southern Bank, at $742 million. The banks were spread over two states, most in Georgia (3). Two of the deals came in 2011. The most recent was Parkway Bank of Lenoir, on April 26, 2013. The FDIC's estimated loss on these failures totals $472 million, a median of 25% of each bank's assets.

Failed banks taken over by CertusBank, National Association, by closing date200020052010201520202025Atlantic Southern Bank, 2011-05-20First Georgia Banking Company, 2011-05-20Hometown Community Bank, 2012-11-16Parkway Bank, 2013-04-26
Each circle is one failed bank, placed at its closing date; area shows total assets.
Every failed bank it took over, in date order
ClosedBankLocationTotal assetsEst. loss
May 20, 2011Atlantic Southern BankMacon, GA$742 million$281 million
May 20, 2011First Georgia Banking CompanyFranklin, GA$731 million$135 million
November 16, 2012Hometown Community BankBraselton, GA$125 million$39.7 million
April 26, 2013Parkway BankLenoir, NC$110 million$16.5 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.