Data / Bank failures / 2015 / The Bank of Georgia
The Bank of Georgia, Peachtree City, GA: failed October 2, 2015
The Bank of Georgia in Peachtree City, Georgia, failed on October 2, 2015. Fidelity Bank of Atlanta, GA, took over its deposits. It held $286.1 million in assets and $264.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $27.8 million (9.7% of its assets). By assets it was the 2nd largest of 8 banks closed or assisted in 2015.
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The FDIC's record
- Closed
- October 2, 2015
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Fidelity Bank, Atlanta, GA
- Total assets
- $286,102,000
- Total deposits
- $264,234,000
- Estimated cost to the FDIC
- $27,759,606 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 35259
Other bank failures in Georgia, 2013 to 2017
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Woodbury Banking Company | Woodbury | August 19, 2016 | $21.4 million | $21.1 million | $3.3 million | United 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 |
| Frontier Bank | Lagrange | March 8, 2013 | $258.8 million | $224.1 million | $73.4 million | Heritage Bank of the South |
Other failed banks Fidelity Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Security Exchange Bank | Marietta | GA | June 15, 2012 | $151 million | $147.9 million | $44.8 million | Fidelity Bank |
| Decatur First Bank | Decatur | GA | October 21, 2011 | $184.8 million | $172 million | $24.6 million | Fidelity Bank |
| Fort Worth State Bank | Fort Worth | TX | September 27, 1990 | $20.7 million | $22.2 million | $9.3 million | Fidelity Bank |
| Fidelity National Bank of Fort Worth | Fort Worth | TX | October 6, 1988 | $33.8 million | $32.5 million | $10.6 million | Fidelity Bank |
All bank failures in 2015 · All bank failures in Georgia · Every failed bank Fidelity 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.