Data / Bank failures / 1991 / Cobb Fsa
Cobb Fsa, Marietta, GA: failed November 8, 1991
Cobb Fsa in Marietta, Georgia, failed on November 8, 1991. First Union NB of Ga of Atlanta, GA, took over its deposits. It held $83.2 million in assets and $82.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.5 million (30.7% of its assets). By assets it was the 137th largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- November 8, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Union NB of Ga, Atlanta, GA
- Total assets
- $83,159,000
- Total deposits
- $82,813,000
- Estimated cost to the FDIC
- $25,527,027 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 32543
Other bank failures in Georgia, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FSB of Georgia, FA | Winder | November 6, 1992 | $108.2 million | $97.5 million | $4.4 million | |
| Southern Fsa of Georgia | Atlanta | July 10, 1992 | $160 million | $151.4 million | $8.4 million | |
| First Community Bank of Cherokee | Woodstock | March 31, 1992 | $35.6 million | $33.7 million | $6.9 million | Etowah Bank |
| The Citizens Bank | Dallas | January 10, 1992 | $60.6 million | $59.1 million | $12.7 million | First NB of Paulding Cou |
| United FS & La | Smyrna | May 31, 1991 | $119.3 million | $106 million | $11 million | |
| Guaranty Fsa | Warner Robins | May 10, 1991 | $25.6 million | $23.6 million | $9.8 million | Crossroads Bank of Ga |
| First Federal SB, FSB | Ashburn | April 5, 1991 | $30.2 million | $30.6 million | $2.7 million | |
| The Federal SB, FSB | Swainsboro | March 22, 1991 | $150.9 million | $131.2 million | $46.3 million |
All bank failures in 1991 · All bank failures in Georgia · The full failed bank list
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.