The Graveyard › Banks › 2011
Atlantic Southern Bank
Macon, GA · failed May 20, 2011 · FDIC certificate 57213
Atlantic Southern Bank of Macon, GA failed on May 20, 2011. It opened on December 10, 2001, 9 years before. At its last report before that it held $741.9 million in assets and $707.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $1.1 billion. The FDIC estimates that the Deposit Insurance Fund lost $281.0 million on it.
2001-122011-03
Assets at the end$741.9 millionlast report before May 20, 2011
Deposits at the end$707.6 million
Estimated loss to the fund$281.0 millionDIF
Largest in the quarterly reports$1.1 billionJune 30, 2009
Equity to assets1.3%March 31, 2011
Loans not being repaid20.1%noncurrent, March 31, 2011
Return on assets-1.33%a year's rate, March 31, 2011
Staff145full time, March 31, 2011
Also ended in 2011
- Superior Bank · Birmingham, AL · $3.0 billion in assets
- First Community Bank · Taos, NM · $2.2 billion in assets
- United Western Bank · Denver, CO · $2.2 billion in assets
- Integra Bank National Association · Evansville, IN · $2.0 billion in assets
- Lydian Private Bank · Palm Beach, FL · $1.7 billion in assets
- Community Banks of Colorado · Greenwood Village, CO · $1.3 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.