Data / Bank failures / 2012 / Georgia Trust Bank
Georgia Trust Bank, Buford, GA: failed July 20, 2012
Georgia Trust Bank in Buford, Georgia, failed on July 20, 2012. Community & Southern Bank of Atlanta, GA, took over its deposits. It held $116.9 million in assets and $114.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.3 million (21.7% of its assets). By assets it was the 33rd largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- July 20, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Community & Southern Bank, Atlanta, GA
- Total assets
- $116,890,000
- Total deposits
- $114,748,000
- Estimated cost to the FDIC
- $25,334,580 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57847
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 |
| 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 |
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 |
| 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 |
| First National Bank of Georgia | Carrollton | GA | January 29, 2010 | $840.6 million | $780.2 million | $203.9 million | Community & Southern Bank |
All bank failures in 2012 · 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.