Appalachian Community Bank
Ellijay, GA · Owner: Appalachian Bancshares Inc
$1.0B
total assets, December 31, 2009
$1.0B
total assets, December 31, 2009
Appalachian Community Bank was a state nonmember bank in Ellijay, GA, owned by Appalachian Bancshares Inc. It failed on Mar 19, 2010, and Community & Southern Bank took over its deposits. At its last report it held $1.0 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Mar 19, 2010
- Assets
- $1.0B
- Deposits
- $918M
- Estimated cost
- $456M
- Deposits went to
- Community & Southern Bank, Carrollton, GA
Total assets
$1.0B
-8.3% in a year · -4.8% in a quarter
Deposits
$918M
-2.3% in a year · -3.3% in a quarter
Loans
$663M
-18.6% in a year · -9.1% in a quarter
Profit so far
-$59.3M
Jan 1 to Dec 31, 2009
Capital ratio
1.73%
-5.01 pts in a year
Return on assets
-5.49%
-5.26 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 829 Industrial Boulevard, Ellijay, GA, 30540
- County
- Gilmer
- Holding company
- Appalachian Bancshares Inc
- Established
- Mar 3, 1995
- Failed
- Mar 19, 2010
- Employees
- 209
- Branches
- 10
- Id
- b33989
Quarter by quarter
March 31, 1995 to December 31, 2009
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Appalachian Community Bank?
$1.0 billion in total assets and $917.6 million in deposits as of December 31, 2009, with assets down 8.3% from a year before. Its loans were $663.3 million.
How many branches does Appalachian Community Bank have?
10 branches in Georgia as of June 30, 2026.
Is Appalachian Community Bank profitable?
No: it lost $59.3 million from January 1 to December 31, 2009. Its return on assets was -5.49% a year; about 1% is typical.
Who owns Appalachian Community Bank?
Appalachian Community Bank is owned by Appalachian Bancshares Inc, its holding company.
When did Appalachian Community Bank fail?
Mar 19, 2010. Community & Southern Bank of Carrollton, GA took over its deposits. The estimated cost of the failure was $456.5 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.