The Graveyard › Banks › 2009
Southern Community Bank
Fayetteville, GA · failed June 19, 2009 · FDIC certificate 35251
Southern Community Bank of Fayetteville, GA failed on June 19, 2009. It opened on June 2, 2000, 9 years before. At its last report before that it held $371.7 million in assets and $298.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2008, it held $415.4 million. The FDIC estimates that the Deposit Insurance Fund lost $136.6 million on it.
2000-062009-03
Assets at the end$371.7 millionlast report before June 19, 2009
Deposits at the end$298.0 million
Estimated loss to the fund$136.6 millionDIF
Largest in the quarterly reports$415.4 millionSeptember 30, 2008
Equity to assets3.7%March 31, 2009
Loans not being repaid28.1%noncurrent, March 31, 2009
Return on assets-4.64%a year's rate, March 31, 2009
Staff62full time, March 31, 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.