Sapelo National Bank

Status:Inactive as of 12/15/2006
 Merger - Without Assistance
Successor Bank:Atlantic Southern Bank
Headquarters:Sapelo National Bank
1200 Northway
Darien, GA 31305
Established:05/29/1997
FDIC Insurance:05/29/1997
FDIC Cert:#34235
Charter Class:Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Total Assets:$63,944,000
Total Deposits:$53,222,000

History

1997-05-29Institution established: Original name:Sapelo National Bank
2006-12-15Merged into and subsequently operated as part of Atlantic Southern Bank (57213) in MACON, GA
2007-01-31Acquired First Community Bank of Georgia (34580) in ROBERTA, GA
2007-12-01Acquired CenterState Bank Mid Florida (57334) in LEESBURG, FL
2011-05-20Failed. Acquired with government financial assistance and subsequently operated as part of CertusBank, National Association (59028)
2011-05-20Acquired First Georgia Banking Company (57647) in FRANKLIN, GA as part of a government assisted transaction.
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 (2006-09-30 and Older)