(Bank failure Friday thread )Bank Failure #48 in 2011: Mountain Heritage Bank, Clayton, Georgia

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#1 Fri, Jun 24, 2011 - 8:20pm
Shill
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(Bank failure Friday thread )Bank Failure #48 in 2011: Mountain Heritage Bank, Clayton, Georgia

Bank Failure #48 in 2011: Mountain Heritage Bank, Clayton, Georgia

From the FDIC: First American Bank and Trust Company, Athens, Georgia, Assumes All of the Deposits of Mountain Heritage Bank, Clayton, Georgia

As of March 31, 2011, Mountain Heritage Bank had approximately $103.7 million in total assets and $89.6 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $41.1 million. ... Mountain Heritage Bank is the 48th FDIC-insured institution to fail in the nation this year, and the fourteenth in Georgia.

HT: https://www.calculatedriskblog.com/

Edited by: Shill on Nov 8, 2014 - 5:06am
Sat, Jun 25, 2011 - 6:41pm
Argent
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154 American Banks

154 American Banks disappeared in 2010 due to insolvency.

Destroying the Country to save the Banks.

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