Data / Bank failures / 2009 / Security Bank of North Metro
Security Bank of North Metro, Woodstock, GA: failed July 24, 2009
Security Bank of North Metro in Woodstock, Georgia, failed on July 24, 2009. State Bank and Trust Company of Pinehurst, GA, took over its deposits. It held $184.2 million in assets and $182.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $102 million (55.4% of its assets). By assets it was the 95th largest of 148 banks closed or assisted in 2009.
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The FDIC's record
- Closed
- July 24, 2009
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- State Bank and Trust Company, Pinehurst, GA
- Total assets
- $184,184,000
- Total deposits
- $182,413,000
- Estimated cost to the FDIC
- $102,030,642 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57105
Other bank failures in Georgia, 2007 to 2011
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community Bank of Rockmart | Rockmart | November 10, 2011 | $62.4 million | $55.9 million | $20.3 million | Century Bank of Georgia |
| Community Capital Bank | Jonesboro | October 21, 2011 | $165.3 million | $157.8 million | $65 million | State Bank and Trust Company |
| Decatur First Bank | Decatur | October 21, 2011 | $184.8 million | $172 million | $24.6 million | Fidelity Bank |
| Piedmont Community Bank | Gray | October 14, 2011 | $199 million | $178.8 million | $88.2 million | State Bank and Trust Company |
| Patriot Bank of Georgia | Cumming | September 2, 2011 | $150.8 million | $140.6 million | $54.2 million | Georgia Commerce Bank |
| Creekside Bank | Woodstock | September 2, 2011 | $102.3 million | $96.6 million | $33.8 million | Georgia Commerce Bank |
| First Southern National Bank | Statesboro | August 19, 2011 | $164.6 million | $159.7 million | $22.2 million | Heritage Bank of the South |
| One Georgia Bank | Atlanta | July 15, 2011 | $177.7 million | $158.1 million | $40.6 million | Ameris Bank |
Other failed banks State Bank and Trust Company took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Community Capital Bank | Jonesboro | GA | October 21, 2011 | $165.3 million | $157.8 million | $65 million | State Bank and Trust Company |
| Piedmont Community Bank | Gray | GA | October 14, 2011 | $199 million | $178.8 million | $88.2 million | State Bank and Trust Company |
| United Americas Bank | Atlanta | GA | December 17, 2010 | $242.3 million | $193.8 million | $96.4 million | State Bank and Trust Company |
| Northwest Bank & Trust | Acworth | GA | July 30, 2010 | $160.8 million | $155.5 million | $33.6 million | State Bank and Trust Company |
| The Buckhead Community Bank | Atlanta | GA | December 4, 2009 | $856.2 million | $813.7 million | $310.6 million | State Bank and Trust Company |
| First Security National Bank | Norcross | GA | December 4, 2009 | $127.5 million | $121.6 million | $34.3 million | State Bank and Trust Company |
| Security Bank of North Fulton | Alpharetta | GA | July 24, 2009 | $190.6 million | $179.5 million | $49 million | State Bank and Trust Company |
| Security Bank of Gwinnett County | Suwannee | GA | July 24, 2009 | $259.2 million | $256.6 million | $193.4 million | State Bank and Trust Company |
All bank failures in 2009 · All bank failures in Georgia · Every failed bank State Bank and Trust Company 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.