Data / Bank failures / Heritage Bank of the South
Failed banks taken over by Heritage Bank of the South: 3
Heritage Bank of the South took over 3 failed banks between February 18, 2011 and March 8, 2013, holding $637.7 million in assets and $590.3 million in deposits. The FDIC estimates the cost to its insurance fund at $143.8 million. The largest: Frontier Bank ($258.8 million), Citizens Bank of Effingham ($214.3 million), First Southern National Bank ($164.6 million).
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Every bank it took over, newest first
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Frontier Bank | Lagrange | GA | March 8, 2013 | $258.8 million | $224.1 million | $73.4 million | Heritage Bank of the South |
| First Southern National Bank | Statesboro | GA | August 19, 2011 | $164.6 million | $159.7 million | $22.2 million | Heritage Bank of the South |
| Citizens Bank of Effingham | Springfield | GA | February 18, 2011 | $214.3 million | $206.5 million | $48.2 million | Heritage Bank of the South |
Other acquiring banks
- NCNB Texas National Bank 66
- Texas American Bridge Bank 24
- Bank One, Texas, N.A. 20
- First State Bank 18
- Kilgore FS&LA 16
- The First National Bank of 16
- Consolidated S&LA 15
- Hibernia National Bank in T 15
- Citizens Bank 12
- State Bank and Trust Company 12
- Deposit Guaranty Bank 11
- First Bank 11
- Olney S&LA 11
- U.S. Bank, NA 11
- American Federal Bank FSB 10
- Ameris Bank 10
- Central Bank 9
- First-Citizens Bank & Trust Company 9
- Home Sa of America 9
- Citizens State Bank 8
- Community & Southern Bank 8
- First American Bank 8
- Bank of the Ozarks 7
- Centennial Bank 7
- Channelview Bank 7
- Hibernia National Bank 7
- Pacific Southwest SB FSB 7
- Premier American Bank, National Association 7
- Texas Commerce Bank NA 7
- Bank One, Texas, National A 6
- Comerica Bank-Texas 6
- First FSB 6
- First National Bank 6
- Horizon FS&LA 6
- Household Bank FSB 6
- Republic Bank of Chicago 6
- Sunbelt Savings FSB 6
- 1ST United Bank 5
- American National Bank 5
- Anchor Savings Bank FSB 5
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.