Failed Bank List

Closed Friday, December 18, 2009 · Atlanta, Fulton County, Georgia

RockBridge Commercial Bank

No bank took over RockBridge Commercial Bank's deposits: the FDIC paid insured depositors directly. It failed three years after it opened in 2006. In the three years to the third quarter of 2009, its assets grew 910%.

On the books, 2006 to 2009

Total assets and equity capital each quarter before closing, and the estimated lossTotal assetsEquity capitalEstimated loss$0$80M$160M$240M$320M200720082009Closed
Total assets were at their highest of these 12 quarters in the final report, for the third quarter of 2009. Equity capital went from 93% of assets in the fourth quarter of 2006 to 0.5% at the last report. By then 30% of its loans were 90 days or more past due or no longer accruing interest. It lost money in every one of the four reporting years on file before it closed. The deepest annual loss, $28.3 million, was booked in 2009 in only part of the year.
Net income in each reporting year before closing, with equity capital as a share of assets at year endNet income per yearEquity to assets at year end−$32M2006: −$465 thousand200693%2007: −$1.1 million200714%2008: −$5.6 million200810%2009: −$28.3 million2009*0.5%
* 2009: January to September only, the last report before closing.

Size against the other 2009 failures

Total assets of the 140 banks that failed in 2009, log scale$10M$100M$1B$10B$100B
Total assets of each 2009 failure, log scale; RockBridge Commercial Bank in red.

By assets it ranked 66th of the 140 failures in 2009. Within Georgia it ranks 36th by size of the 128 failures recorded since 1934. Across the failures of 2009, the median estimated loss came to 27% of assets. In the size ranking of that year, just above it was MagnetBank of Salt Lake City, Utah ($301 million, loss 57% of assets); just below, FirstCity Bank of Stockbridge, Georgia ($285 million, loss 47% of assets). Every 2009 failure in the explorer.

Regulators closed seven banks that day. The largest of the others was First Federal Bank of California, F.S.B. of Santa Monica, California, at $6.1 billion.

Failures in Georgia

In 2009 regulators closed 25 banks in Georgia; this was the 25th. The previous failure there was The Tattnall Bank of Reidsville, on December 4, 2009. The next was Community Bank & Trust of Cornelia, on January 29, 2010. Fulton County has 18 failed banks on FDIC record since 1934. Closest in time: Omni National Bank (2009), Security Bank of North Fulton (2009), The Buckhead Community Bank (2009), Century Security Bank (2010), United Americas Bank, N.A. (2010).

Bank failures in Georgia per year, 1980 to 2026081624321981: 11989: 61990: 21991: 71992: 42000: 12002: 12007: 12008: 52009: 252010: 212011: 232012: 102013: 32014: 12015: 22016: 12026: 119801990200020102020
Per year since 1980, 2009 in red. Every Georgia failure

FDIC certificate 58315 · loss estimate as of July 31, 2026 · How to read this page