The Graveyard › Banks › 2011
First Georgia Banking Company
Franklin, GA · failed May 20, 2011 · FDIC certificate 57647
First Georgia Banking Company of Franklin, GA failed on May 20, 2011. It opened on November 3, 2003, 7 years before. At its last report before that it held $731.0 million in assets and $702.2 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $831.8 million. The FDIC estimates that the Deposit Insurance Fund lost $134.6 million on it.
2003-122011-03
Assets at the end$731.0 millionlast report before May 20, 2011
Deposits at the end$702.2 million
Estimated loss to the fund$134.6 millionDIF
Largest in the quarterly reports$831.8 millionSeptember 30, 2008
Equity to assets0.8%March 31, 2011
Loans not being repaid10.3%noncurrent, March 31, 2011
Return on assets-1.27%a year's rate, March 31, 2011
Staff152full 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.