12 failed banks ยท 2009 to 2011
Failed banks taken over by State Bank and Trust Company
State Bank and Trust Company of Pinehurst, Georgia took over twelve failed banks between 2009 and 2011, the highest count among the 318 acquirers of that period. Together they reported $4.1 billion in assets and $3.8 billion in deposits at closing. The largest was Security Bank of Bibb County, at $944 million. All of them were in Georgia. Eight of the deals came in 2009. The most recent was Community Capital Bank of Jonesboro, on October 21, 2011. The FDIC's estimated loss on these failures totals $1.5 billion, a median of 38% of each bank's assets.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| July 24, 2009 | Security Bank of Bibb County | Macon, GA | $944 million | $414 million |
| July 24, 2009 | Security Bank of Jones County | Gray, GA | $433 million | $98.2 million |
| July 24, 2009 | Security Bank of Houston County | Perry, GA | $372 million | $51.0 million |
| July 24, 2009 | Security Bank of Gwinnett County | Suwanee, GA | $259 million | $193 million |
| July 24, 2009 | Security Bank of North Fulton | Alpharetta, GA | $191 million | $49.0 million |
| July 24, 2009 | Security Bank of North Metro | Woodstock, GA | $184 million | $102 million |
| December 4, 2009 | The Buckhead Community Bank | Atlanta, GA | $856 million | $311 million |
| December 4, 2009 | First Security National Bank | Norcross, GA | $127 million | $34.3 million |
| July 30, 2010 | Northwest Bank & Trust | Acworth, GA | $161 million | $33.6 million |
| December 17, 2010 | United Americas Bank, N.A. | Atlanta, GA | $242 million | $96.4 million |
| October 14, 2011 | Piedmont Community Bank | Gray, GA | $199 million | $88.2 million |
| October 21, 2011 | Community Capital Bank | Jonesboro, GA | $165 million | $65.0 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.