The Graveyard › Banks › 2009
Georgian Bank
Atlanta, GA · failed September 25, 2009 · FDIC certificate 57151
Georgian Bank of Atlanta, GA failed on September 25, 2009. It opened on November 14, 2001, 7 years before. At its last report before that it held $2.2 billion in assets and $2.0 billion in deposits. The FDIC estimates that the Deposit Insurance Fund lost $960.8 million on it.
2001-122009-06
Assets at the end$2.2 billionlast report before September 25, 2009
Deposits at the end$2.0 billion
Estimated loss to the fund$960.8 millionDIF
Largest in the quarterly reports$2.3 billionMarch 31, 2009
Equity to assets6.5%June 30, 2009
Loans not being repaid17.2%noncurrent, June 30, 2009
Return on assets-4.01%a year's rate, June 30, 2009
Staff185full time, June 30, 2009
Also ended in 2009
- Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
- FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
- Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
- Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
- Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
- Bank of America Rhode Island N.A. · Providence · $35.4 billion in assets · assisted
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.