Georgia Community Bank Is Shut Down

Posted by Orb Staff on November 19, 2012 No Comments
Categories : Residential Mortgage

12770_closed Georgia Community Bank Is Shut Down Hometown Community Bank, based in Braselton, Ga., has become the 50th bank to fail this year.

Hometown Community Bank was closed by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corp. The FDIC entered into a purchase and assumption agreement with CertusBank NA, based in Easley, S.C., to assume all of the deposits of the failed bank.

As of Sept. 30, Hometown Community Bank had approximately $124.6 million in total assets and $108.9 million in total deposits.

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