Data / Bank failures / 2008 / The Community Bank
The Community Bank, Loganville, GA: failed November 21, 2008
The Community Bank in Loganville, Georgia, failed on November 21, 2008. Bank of Essex of Tappahannock, VA, took over its deposits. It held $634.9 million in assets and $603.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $335.1 million (52.8% of its assets). By assets it was the 15th largest of 30 banks closed or assisted in 2008.
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The FDIC's record
- Closed
- November 21, 2008
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of Essex, Tappahannock, VA
- Total assets
- $634,901,000
- Total deposits
- $603,733,000
- Estimated cost to the FDIC
- $335,061,648 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 16490
Other bank failures in Georgia, 2006 to 2010
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Appalacian Community Bank, F.S.B. | McCaysville | December 17, 2010 | $68.2 million | $76.4 million | $28.5 million | Peoples Bank of East Tennessee |
| United Americas Bank | Atlanta | December 17, 2010 | $242.3 million | $193.8 million | $96.4 million | State Bank and Trust Company |
| Chestatee State Bank | Dawsonville | December 17, 2010 | $244.4 million | $240.5 million | $83.1 million | Bank of the Ozarks |
| Tifton Banking Company | Tifton | November 12, 2010 | $143.7 million | $141.6 million | $21.4 million | Ameris Bank |
| Darby Bank & Trust Company | Vidalia | November 12, 2010 | $654.7 million | $587.6 million | $125.9 million | Ameris Bank |
| The Gordon Bank | Gordon | October 22, 2010 | $29.3 million | $26.9 million | $10.4 million | Morris Bank |
| The First National Bank of Barnesville | Barnesville | October 22, 2010 | $126.6 million | $122.9 million | $46.9 million | United Bank |
| The Bank of Ellijay | Ellijay | September 17, 2010 | $168.8 million | $160.7 million | $79.7 million | Community & Southern Bank |
Other failed banks Bank of Essex took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Suburban Federal Savings Bank | Crofton | MD | January 30, 2009 | $347.4 million | $301.8 million | $73.8 million | Bank of Essex |
All bank failures in 2008 · All bank failures in Georgia · Every failed bank Bank of Essex 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.