Atlantic Southern Bank

Status:Inactive as of 05/20/2011
 Absorption - Assisted
Successor Bank:CertusBank
Headquarters:Atlantic Southern Bank
4077 Forsyth Road
Macon, GA 31210
Established:12/10/2001
FDIC Insurance:12/10/2001
FDIC Cert:#57213
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$741,855,000
Total Deposits:$707,643,000

History

2001-12-10Institution established: Original name:New Southern Bank
2005-07-11Changed name to Atlantic Southern Bank
2006-12-15Acquired Sapelo National Bank (34235) in DARIEN, GA
2007-01-31Acquired First Community Bank of Georgia (34580) in ROBERTA, GA
2007-12-01Acquired CenterState Bank Mid Florida (57334) in LEESBURG, FL
2011-05-20Acquired First Georgia Banking Company (57647) in FRANKLIN, GA as part of a government assisted transaction.
2011-05-20Failed. Acquired with government financial assistance and subsequently operated as part of CertusBank, National Association (59028)
2012-11-16Acquired Hometown Community Bank (57928) in BRASELTON, GA as part of a government assisted transaction.
2012-12-10Reorganized.
2013-02-07Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2013-04-26Acquired Parkway Bank (57158) in LENOIR, NC as part of a government assisted transaction.
2015-10-23Voluntarily relinquished FDIC insurance
2015-10-23Changed institution class to NONINSURED COMMERCIAL INSTITUTIONS
2015-11-02Closed voluntarily and liquidated its assets.

Financial Information (2011-03-31 and Older)