Covenant Bank & Trust
| Status: | Inactive as of 03/23/2012 |
| Absorption - Assisted | |
| Successor Bank: | Stearns Bank |
| Headquarters: | Covenant Bank & Trust 122 Highway 95 Rock Spring, GA 30739 |
| Established: | 06/12/2006 |
| FDIC Insurance: | 06/12/2006 |
| FDIC Cert: | #58068 |
| Charter Class: | Commercial bank, state charter and Fed nonmember, supervised by the FDIC |
| Total Assets: | $95,725,000 |
| Total Deposits: | $90,632,000 |
History
| 2006-06-12 | Institution established: Original name:Covenant Bank & Trust | |
| 2012-03-23 | Failed. Acquired with government financial assistance and subsequently operated as part of Stearns Bank National Association (10988) | |
| 2012-07-27 | Acquired Jasper Banking Company (16240) in JASPER, GA as part of a government assisted transaction. | |
| 2012-10-19 | Acquired First East Side Savings Bank (28144) in TAMARAC, FL as part of a government assisted transaction. |