Data / Bank failures / 2012 / Central Bank of Georgia
Central Bank of Georgia, Ellaville, GA: failed February 24, 2012
Central Bank of Georgia in Ellaville, Georgia, failed on February 24, 2012. Ameris Bank of Moultrie, GA, took over its deposits. It held $278.9 million in assets and $266.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $51.8 million (18.6% of its assets). By assets it was the 13th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- February 24, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Ameris Bank, Moultrie, GA
- Total assets
- $278,860,000
- Total deposits
- $266,589,000
- Estimated cost to the FDIC
- $51,763,478 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 5687
Other bank failures in Georgia, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Eastside Commercial Bank | Conyers | July 18, 2014 | $173.9 million | $166.9 million | $38.3 million | Community & Southern Bank |
| Sunrise Bank | Valdosta | May 10, 2013 | $60.8 million | $57.8 million | $16 million | Synovus Bank |
| Douglas County Bank | Douglasville | April 26, 2013 | $317.3 million | $315.3 million | $89.6 million | Hamilton State Bank |
| Frontier Bank | Lagrange | March 8, 2013 | $258.8 million | $224.1 million | $73.4 million | Heritage Bank of the South |
| Hometown Communitybank | Braselton | November 16, 2012 | $124.6 million | $108.9 million | $39.7 million | Certusbank, National Association |
| Jasper Banking Company | Jasper | July 27, 2012 | $206.7 million | $204.2 million | $49.2 million | Stearns Bank National Association |
| Georgia Trust Bank | Buford | July 20, 2012 | $116.9 million | $114.7 million | $25.3 million | Community & Southern Bank |
| First Cherokee State Bank | Woodstock | July 20, 2012 | $209 million | $182.1 million | $36.2 million | Community & Southern Bank |
Other failed banks Ameris Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Montgomery Bank & Trust | Ailey | GA | July 6, 2012 | $153.2 million | $164.2 million | $65.8 million | Ameris Bank |
| One Georgia Bank | Atlanta | GA | July 15, 2011 | $177.7 million | $158.1 million | $40.6 million | Ameris Bank |
| High Trust Bank | Stockbridge | GA | July 15, 2011 | $180.3 million | $177.2 million | $70.8 million | Ameris Bank |
| Tifton Banking Company | Tifton | GA | November 12, 2010 | $143.7 million | $141.6 million | $21.4 million | Ameris Bank |
| Darby Bank & Trust Company | Vidalia | GA | November 12, 2010 | $654.7 million | $587.6 million | $125.9 million | Ameris Bank |
| First Bank of Jacksonville | Jacksonville | FL | October 22, 2010 | $73.9 million | $72.2 million | $14.3 million | Ameris Bank |
| Satilla Community Bank | Saint Marys | GA | May 14, 2010 | $135.7 million | $134 million | $36.3 million | Ameris Bank |
| United Security Bank | Sparta | GA | November 6, 2009 | $153.6 million | $149.6 million | $60.9 million | Ameris Bank |
All bank failures in 2012 · All bank failures in Georgia · Every failed bank Ameris Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.