Data / Bank failures / 1979 / Toney Brothers Bank
Toney Brothers Bank, Doerun, GA: failed January 5, 1979
Toney Brothers Bank in Doerun, Georgia, failed on January 5, 1979. It held $5.9 million in assets and $5.8 million in deposits at its last report. By assets it was the 7th largest of 10 banks closed or assisted in 1979.
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The FDIC's record
- Closed
- January 5, 1979
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Total assets
- $5,869,000
- Total deposits
- $5,791,000
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 16294
Other bank failures in Georgia, 1977 to 1981
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Peoples Banking Company | Boston | March 17, 1981 | $8.4 million | $8.1 million | $435,019 | Commercial Bank |
| First Augusta Bank & Trust Company | Augusta | May 20, 1977 | $24.2 million | $20 million |
All bank failures in 1979 · 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.