The Graveyard › Banks › 2008
First Georgia Community Bank
Jackson, GA · failed December 5, 2008 · FDIC certificate 34301
First Georgia Community Bank of Jackson, GA failed on December 5, 2008. It opened on September 8, 1997, 11 years before. At its last report before that it held $256.4 million in assets and $215.3 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2007, it held $306.5 million. The FDIC estimates that the Deposit Insurance Fund lost $86.3 million on it.
1997-092008-09
Assets at the end$256.4 millionlast report before December 5, 2008
Deposits at the end$215.3 million
Estimated loss to the fund$86.3 millionDIF
Largest in the quarterly reports$306.5 millionSeptember 30, 2007
Equity to assets6.1%September 30, 2008
Loans not being repaid33.1%noncurrent, September 30, 2008
Return on assets-1.47%a year's rate, September 30, 2008
Staff75full time, September 30, 2008
Also ended in 2008
- Citibank, National Association · Las Vegas · $1.21 trillion in assets · assisted
- Washington Mutual Bank · Henderson, NV · $307.0 billion in assets
- Citibank (South Dakota), N.A. · Sioux Falls · $77.7 billion in assets · assisted
- IndyMac Bank, F.S.B. · Pasadena, CA · $30.7 billion in assets
- Citicorp Trust Bank, fsb · Wilmington · $19.6 billion in assets · assisted
- Downey Savings and Loan Association, F.A. · Newport Beach, CA · $12.8 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.