The Graveyard › Banks › 2010

First National Bank of Georgia

Carrollton, GA · failed January 29, 2010 · FDIC certificate 16480

First National Bank of Georgia of Carrollton, GA failed on January 29, 2010. It opened on September 16, 1946, 63 years before. At its last report before that it held $840.6 million in assets and $780.2 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $911.6 million. The FDIC estimates that the Deposit Insurance Fund lost $203.9 million on it.

1984-032009-12

Assets at the end$840.6 millionlast report before January 29, 2010

Deposits at the end$780.2 million

Estimated loss to the fund$203.9 millionDIF

Largest in the quarterly reports$911.6 millionMarch 31, 2009

Equity to assets0.0%December 31, 2009

Loans not being repaid19.1%noncurrent, December 31, 2009

Return on assets-7.71%a year's rate, December 31, 2009

Staff200full time, December 31, 2009

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Also ended in 2010

Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
Frontier Bank · Everett, WA · $3.3 billion in assets
Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 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.