Failed Bank List

8 failed banks ยท 2010 to 2014

Failed banks taken over by Community & Southern Bank

Community & Southern Bank of Carrollton, Georgia took over eight failed banks between 2010 and 2014, the sixth-highest count among the 318 acquirers of that period. Together they reported $3.2 billion in assets and $3.0 billion in deposits at closing. The largest was Appalachian Community Bank, at $1.0 billion. All of them were in Georgia. Five of the deals came in 2010. The first was First National Bank of Georgia of Carrollton, on January 29, 2010. The most recent was Eastside Commercial Bank of Conyers, on July 18, 2014. The FDIC's estimated loss on these failures totals $1.0 billion, a median of 24% of each bank's assets.

Failed banks taken over by Community & Southern Bank, by closing date200020052010201520202025Appalachian Community Bank, 2010-03-19First National Bank of Georgia, 2010-01-29The Peoples Bank, 2010-09-17First Commerce Community Bank, 2010-09-17First Cherokee State Bank, 2012-07-20Eastside Commercial Bank, 2014-07-18Bank of Ellijay, 2010-09-17Georgia Trust Bank, 2012-07-20
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
January 29, 2010First National Bank of GeorgiaCarrollton, GA$841 million$204 million
March 19, 2010Appalachian Community BankEllijay, GA$1.0 billion$456 million
September 17, 2010The Peoples BankWinder, GA$447 million$102 million
September 17, 2010First Commerce Community BankDouglasville, GA$248 million$101 million
September 17, 2010Bank of EllijayEllijay, GA$169 million$79.7 million
July 20, 2012First Cherokee State BankWoodstock, GA$209 million$36.2 million
July 20, 2012Georgia Trust BankBuford, GA$117 million$25.3 million
July 18, 2014Eastside Commercial BankConyers, GA$174 million$38.3 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.