First Cherokee State Bank

Status:Inactive as of 07/20/2012
 Absorption - Assisted
Successor Bank:Community & Southern Bank
Headquarters:First Cherokee State Bank
9860 Highway 92
Woodstock, GA 30188
Established:11/27/1989
FDIC Insurance:11/27/1989
FDIC Cert:#32711
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$209,021,000
Total Deposits:$182,114,000

History

1989-11-27Institution established: Original name:First National Bank of Cherokee
2001-05-17Change trust powers from TRUST POWERS NOT GRANTED to FULL TRUST POWERS GRANTED
2003-12-15Changed institution class to INSURED COMMERCIAL BANKS, STATE, NOT MEMBERS OF THE FRS
2003-12-15Changed primary regulatory agency from COMPTROLLER OF THE CURRENCY to FEDERAL DEPOSIT INSURANCE CORPORATION
2003-12-15Changed name to First Cherokee State Bank
2012-07-20Acquired Georgia Trust Bank (57847) in BUFORD, GA as part of a government assisted transaction.
2012-07-20Failed. Acquired with government financial assistance and subsequently operated as part of Community & Southern Bank (59010)
2012-07-20Acquired First Cherokee State Bank in WOODSTOCK, GA as part of a government assisted transaction.
2014-06-24Acquired Verity Bank (58711) in WINDER, GA
2014-07-18Acquired Eastside Commercial Bank (58125) in CONYERS, GA as part of a government assisted transaction.
2014-09-19Acquired Alliance National Bank (35173) in DALTON, GA
2015-05-08Acquired Community Business Bank (58624) in CUMMING, GA
2016-07-21Merged into and subsequently operated as part of Bank of the Ozarks (110) in LITTLE ROCK, AR
2016-07-22Acquired C1 Bank (34092) in SAINT PETERSBURG, FL
2018-07-16Changed name to Bank OZK (110)

Financial Information (2012-06-30 and Older)