Data / Bank failures / 2000 / Mutual Federal Savings Bank of Atlanta
Mutual Federal Savings Bank of Atlanta, Atlanta, GA: failed March 10, 2000
Mutual Federal Savings Bank of Atlanta in Atlanta, Georgia, failed on March 10, 2000. Citizens Trust Bank of Atlanta, GA, took over its deposits. It held $31.5 million in assets and $32.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.3 million (4.2% of its assets). By assets it was the 5th largest of 7 banks closed or assisted in 2000.
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The FDIC's record
- Closed
- March 10, 2000
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Citizens Trust Bank, Atlanta, GA
- Total assets
- $31,479,000
- Total deposits
- $32,234,000
- Estimated cost to the FDIC
- $1,321,666 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- SAIF
- FDIC certificate
- 27886
Other bank failures in Georgia, 1998 to 2002
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Amtrade International Bank of Georgia | Atlanta | September 30, 2002 | $92.1 million | $73.2 million | $1.3 million |
All bank failures in 2000 · 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.