Data / Bank failures / 1992 / Southern Fsa of Georgia
Southern Fsa of Georgia, Atlanta, GA: failed July 10, 1992
Southern Fsa of Georgia in Atlanta, Georgia, failed on July 10, 1992. It held $160 million in assets and $151.4 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $8.4 million (5.2% of its assets). By assets it was the 67th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- July 10, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- None, NA
- Total assets
- $159,982,000
- Total deposits
- $151,424,000
- Estimated cost to the FDIC
- $8,383,750 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 29724
Other bank failures in Georgia, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First FSB of Georgia, FA | Winder | November 6, 1992 | $108.2 million | $97.5 million | $4.4 million | |
| First Community Bank of Cherokee | Woodstock | March 31, 1992 | $35.6 million | $33.7 million | $6.9 million | Etowah Bank |
| The Citizens Bank | Dallas | January 10, 1992 | $60.6 million | $59.1 million | $12.7 million | First NB of Paulding Cou |
| Cobb Fsa | Marietta | November 8, 1991 | $83.2 million | $82.8 million | $25.5 million | First Union NB of Ga |
| United FS & La | Smyrna | May 31, 1991 | $119.3 million | $106 million | $11 million | |
| Guaranty Fsa | Warner Robins | May 10, 1991 | $25.6 million | $23.6 million | $9.8 million | Crossroads Bank of Ga |
| First Federal SB, FSB | Ashburn | April 5, 1991 | $30.2 million | $30.6 million | $2.7 million | |
| The Federal SB, FSB | Swainsboro | March 22, 1991 | $150.9 million | $131.2 million | $46.3 million |
All bank failures in 1992 · 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.