Data / Bank failures / 2010 / First National Bank of Georgia
First National Bank of Georgia, Carrollton, GA: failed January 29, 2010
First National Bank of Georgia in Carrollton, Georgia, failed on January 29, 2010. Community & Southern Bank of Carrollton, GA, took over its deposits. It held $840.6 million in assets and $780.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $203.9 million (24.3% of its assets). By assets it was the 25th largest of 157 banks closed or assisted in 2010.
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The FDIC's record
- Closed
- January 29, 2010
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Community & Southern Bank, Carrollton, GA
- Total assets
- $840,633,000
- Total deposits
- $780,196,000
- Estimated cost to the FDIC
- $203,880,827 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- DIF
- FDIC certificate
- 16480
Other bank failures in Georgia, 2008 to 2012
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Montgomery Bank & Trust | Ailey | July 6, 2012 | $153.2 million | $164.2 million | $65.8 million | Ameris Bank |
| Security Exchange Bank | Marietta | June 15, 2012 | $151 million | $147.9 million | $44.8 million | Fidelity Bank |
| Convenant Bank & Trust | Rock Spring | March 23, 2012 | $95.7 million | $90.6 million | $30.3 million | Stearns Bank, National Association |
| Global Commerce Bank | Doraville | March 2, 2012 | $143.7 million | $116.8 million | $40.3 million | Metro City Bank |
Other failed banks Community & Southern Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Eastside Commercial Bank | Conyers | GA | July 18, 2014 | $173.9 million | $166.9 million | $38.3 million | Community & Southern Bank |
| Georgia Trust Bank | Buford | GA | July 20, 2012 | $116.9 million | $114.7 million | $25.3 million | Community & Southern Bank |
| First Cherokee State Bank | Woodstock | GA | July 20, 2012 | $209 million | $182.1 million | $36.2 million | Community & Southern Bank |
| The Bank of Ellijay | Ellijay | GA | September 17, 2010 | $168.8 million | $160.7 million | $79.7 million | Community & Southern Bank |
| First Commerce Community Bank | Douglasville | GA | September 17, 2010 | $248.2 million | $242.8 million | $101 million | Community & Southern Bank |
| The Peoples Bank | Winder | GA | September 17, 2010 | $447.2 million | $398.2 million | $101.9 million | Community & Southern Bank |
| Appalachian Community Bank | Ellijay | GA | March 19, 2010 | $1.01 billion | $917.6 million | $456.5 million | Community & Southern Bank |
All bank failures in 2010 · All bank failures in Georgia · Every failed bank Community & Southern Bank took over · 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.