The Graveyard › Banks › 2011
Patriot Bank of Georgia
Cumming, GA · failed September 2, 2011 · FDIC certificate 58273
Patriot Bank of Georgia of Cumming, GA failed on September 2, 2011. It opened on July 3, 2006, 5 years before. At its last report before that it held $150.8 million in assets and $140.6 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 2009, it held $176.5 million. The FDIC estimates that the Deposit Insurance Fund lost $54.2 million on it.
2006-092011-06
Assets at the end$150.8 millionlast report before September 2, 2011
Deposits at the end$140.6 million
Estimated loss to the fund$54.2 millionDIF
Largest in the quarterly reports$176.5 millionDecember 31, 2009
Equity to assets1.8%June 30, 2011
Loans not being repaid24.9%noncurrent, June 30, 2011
Return on assets-1.70%a year's rate, June 30, 2011
Staff16full time, June 30, 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.