Data / Bank failures / 2013 / Frontier Bank
Frontier Bank, Lagrange, GA: failed March 8, 2013
Frontier Bank in Lagrange, Georgia, failed on March 8, 2013. Heritage Bank of the South of Albany, GA, took over its deposits. It held $258.8 million in assets and $224.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $73.4 million (28.4% of its assets). By assets it was the 5th largest of 24 banks closed or assisted in 2013.
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The FDIC's record
- Closed
- March 8, 2013
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Heritage Bank of the South, Albany, GA
- Total assets
- $258,840,000
- Total deposits
- $224,108,000
- Estimated cost to the FDIC
- $73,446,014 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 16431
Other bank failures in Georgia, 2011 to 2015
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Bank of Georgia | Peachtree City | October 2, 2015 | $286.1 million | $264.2 million | $27.8 million | Fidelity Bank |
| Capitol City Bank & Trust Company | Atlanta | February 13, 2015 | $272.3 million | $262.7 million | $95.9 million | First-Citizens Bank & Trust Company |
| 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 |
| 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 |
Other failed banks Heritage Bank of the South took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| 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 |
All bank failures in 2013 · All bank failures in Georgia · Every failed bank Heritage Bank of the South 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.