Failed Bank List

4 failed banks ยท 2009 to 2013

Failed banks taken over by Heritage Bank of the South

Heritage Bank of the South of Albany, Georgia took over four failed banks between 2009 and 2013, the 17th-highest count among the 318 acquirers of that period. Together they reported $687 million in assets and $637 million in deposits at closing. The largest was Frontier Bank, at $259 million. All of them were in Georgia. Two of the deals came in 2011. The first was The Tattnall Bank of Reidsville, on December 4, 2009. The FDIC's estimated loss on these failures totals $159 million, a median of 25% of each bank's assets.

Failed banks taken over by Heritage Bank of the South, by closing date200020052010201520202025Frontier Bank, 2013-03-08Citizens Bank of Effingham, 2011-02-18First Southern National Bank, 2011-08-19The Tattnall Bank, 2009-12-04
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
December 4, 2009The Tattnall BankReidsville, GA$49.6 million$14.7 million
February 18, 2011Citizens Bank of EffinghamSpringfield, GA$214 million$48.2 million
August 19, 2011First Southern National BankStatesboro, GA$165 million$22.2 million
March 8, 2013Frontier BankLaGrange, GA$259 million$73.4 million

Recorded by the FDIC under two spellings: Heritage Bank of the South; HeritageBank of the South.

The FDIC names the acquirer in each failure record. This page lists what that record shows and says nothing about the acquiring bank today.