Data / Bank failures / 1977 / First Augusta Bank & Trust Company
First Augusta Bank & Trust Company, Augusta, GA: failed May 20, 1977
First Augusta Bank & Trust Company in Augusta, Georgia, failed on May 20, 1977. It held $24.2 million in assets and $20 million in deposits at its last report. By assets it was the 2nd largest of 6 banks closed or assisted in 1977.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- May 20, 1977
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $24,223,000
- Total deposits
- $20,017,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19871
Other bank failures in Georgia, 1975 to 1979
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Toney Brothers Bank | Doerun | January 5, 1979 | $5.9 million | $5.8 million | ||
| The Hamilton Bank and Trust Company | Atlanta | October 8, 1976 | $40.1 million | $32 million |
All bank failures in 1977 · 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.