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2011 Failed Bank List Up to 3

Posted by OnCourse Staff January 18, 2011 9:45am

Photo Credit: Oglethorpe Bank

Oglethorpe Bank (of Brunswick, GA) was closed by the Georgia Department of Banking and Finance on Friday, with the FDIC as receiver.

The FDIC subsequently entered into a purchase and assumption agreement with Bank of the Ozarks (of Little Rock, AR) to assume all deposits. As of September 30, 2010, Oglethorpe had approximately $230.6 million in assets and $212.7 in deposits. [FDIC]

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