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

2 posts / 0 new
Last post
Shill
Shill's picture
Offline
Joined: 06/14/2011
Posts: 3699
(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: http://www.calculatedriskblog.com/

Edited by admin on 11/08/2014 - 05:06

__________________

And I will strike down upon thee with great vengeance and furious anger those who attempt to poison and destroy my brothers.

Argent
Argent's picture
Offline
Joined: 06/15/2011
Hat Tips: 442
Posts: 86
154 American Banks

154 American Banks disappeared in 2010 due to insolvency.

__________________

Destroying the Country to save the Banks.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Topic locked
Syndicate contentComments for " (Bank failure Friday thread )Bank Failure #48 in 2011: Mountain Heritage Bank, Clayton, Georgia"