Data / Bank failures / 2012 / The First State Bank
The First State Bank, Stockbridge, GA: failed January 20, 2012
The First State Bank in Stockbridge, Georgia, failed on January 20, 2012. Hamilton State Bank of Hoschton, GA, took over its deposits. It held $516.8 million in assets and $509.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $192.1 million (37.2% of its assets). By assets it was the 5th largest of 51 banks closed or assisted in 2012.
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The FDIC's record
- Closed
- January 20, 2012
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Hamilton State Bank, Hoschton, GA
- Total assets
- $516,760,000
- Total deposits
- $509,065,000
- Estimated cost to the FDIC
- $192,145,247 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 19252
Other bank failures in Georgia, 2010 to 2014
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Hometown Communitybank | Braselton | November 16, 2012 | $124.6 million | $108.9 million | $39.7 million | Certusbank, National Association |
| Jasper Banking Company | Jasper | July 27, 2012 | $206.7 million | $204.2 million | $49.2 million | Stearns Bank National Association |
| Georgia Trust Bank | Buford | July 20, 2012 | $116.9 million | $114.7 million | $25.3 million | Community & Southern Bank |
| First Cherokee State Bank | Woodstock | July 20, 2012 | $209 million | $182.1 million | $36.2 million | Community & Southern Bank |
Other failed banks Hamilton State Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Douglas County Bank | Douglasville | GA | April 26, 2013 | $317.3 million | $315.3 million | $89.6 million | Hamilton State Bank |
| McIntosh State Bank | Jackson | GA | June 17, 2011 | $339.9 million | $324.4 million | $75.4 million | Hamilton State Bank |
| Bartow County Bank | Cartersville | GA | April 15, 2011 | $314 million | $290 million | $83 million | Hamilton State Bank |
All bank failures in 2012 · All bank failures in Georgia · Every failed bank Hamilton State 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.