Data / Bank failures / 2011 / The Park Avenue Bank
The Park Avenue Bank, Valdosta, GA: failed April 29, 2011
The Park Avenue Bank in Valdosta, Georgia, failed on April 29, 2011. Bank of the Ozarks of Little Rock, AR, took over its deposits. It held $849.4 million in assets and $724.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $212 million (25% of its assets). By assets it was the 10th largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- April 29, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of the Ozarks, Little Rock, AR
- Total assets
- $849,409,000
- Total deposits
- $724,483,000
- Estimated cost to the FDIC
- $212,045,260 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- DIF
- FDIC certificate
- 19797
Other bank failures in Georgia, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Montgomery Bank & Trust | Ailey | July 6, 2012 | $153.2 million | $164.2 million | $65.8 million | Ameris Bank |
Other failed banks Bank of the Ozarks took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First Choice Community Bank | Dallas | GA | April 29, 2011 | $291.2 million | $294.8 million | $105.2 million | Bank of the Ozarks |
| Oglethorpe Bank | Brunswick | GA | January 14, 2011 | $211.1 million | $201.4 million | $84.1 million | Bank of the Ozarks |
| Chestatee State Bank | Dawsonville | GA | December 17, 2010 | $244.4 million | $240.5 million | $83.1 million | Bank of the Ozarks |
| Horizon Bank | Bradenton | FL | September 10, 2010 | $187.8 million | $164.6 million | $61.3 million | Bank of the Ozarks |
| Woodlands Bank | Bluffton | SC | July 16, 2010 | $382.8 million | $364.8 million | $107.3 million | Bank of the Ozarks |
| Unity National Bank | Cartersville | GA | March 26, 2010 | $300.6 million | $264.3 million | $73.6 million | Bank of the Ozarks |
All bank failures in 2011 · All bank failures in Georgia · Every failed bank Bank of the Ozarks 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.