Southern Community Bank

Status:Inactive as of 06/19/2009
 Absorption - Assisted
Successor Bank:United Community Bank
Headquarters:Southern Community Bank
525 North Jeff Davis Drive
Fayetteville, GA 30214
Established:06/02/2000
FDIC Insurance:06/02/2000
FDIC Cert:#35251
Charter Class:Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Total Assets:$371,695,000
Total Deposits:$297,962,000

History

2000-06-02Institution established: Original name:Southern Community Bank
2009-06-19Failed. Acquired with government financial assistance and subsequently operated as part of United Community Bank (16889)
2015-07-06Moved bank headquarters from FAYETTEVILLE, GA to BLAIRSVILLE, GA
2015-07-17Acquired First National Bank (4947) in LENOIR CITY, TN
2015-09-01Acquired The Palmetto Bank (8997) in GREENVILLE, SC
2016-07-01Acquired Tidelands Bank (57594) in MOUNT PLEASANT, SC
2017-07-31Acquired Horry County State Bank (27139) in LORIS, SC
2017-11-01Acquired Four Oaks Bank & Trust Company (11506) in FOUR OAKS, NC
2019-05-01Acquired First Madison Bank & Trust (57898) in COLBERT, GA
2020-07-01Acquired Seaside National Bank & Trust (58328) in ORLANDO, FL

Financial Information (2009-03-31 and Older)