Atlantic Southern Bank
Macon, GA · Owner: Atlantic S Financial Group Inc
$742M
total assets, March 31, 2011
$742M
total assets, March 31, 2011
Atlantic Southern Bank was a state nonmember bank in Macon, GA, owned by Atlantic S Financial Group Inc. It failed on May 20, 2011, and Certus Bank, N.a. took over its deposits. At its last report it held $741.9 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2011
This bank failed
- Failed on
- May 20, 2011
- Assets
- $742M
- Deposits
- $708M
- Estimated cost
- $281M
- Deposits went to
- Certus Bank, N.a., Easley, SC
Total assets
$742M
-21.2% in a year · -4.0% in a quarter
Deposits
$708M
-17.9% in a year · -2.6% in a quarter
Loans
$544M
-22.1% in a year · -5.6% in a quarter
Profit so far
-$2.5M
Jan 1 to Mar 31, 2011
Capital ratio
0.99%
-2.66 pts in a year
Return on assets
-1.33%
-0.68 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 4077 Forsyth Road, Macon, GA, 31210
- County
- Bibb
- Holding company
- Atlantic S Financial Group Inc
- Established
- Dec 10, 2001
- Failed
- May 20, 2011
- Employees
- 145
- Branches
- 16 in 2 states
- Id
- b57213
Quarter by quarter
December 31, 2001 to March 31, 2011
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 Atlantic Southern Bank?
$741.9 million in total assets and $707.6 million in deposits as of March 31, 2011, with assets down 21.2% from a year before. Its loans were $544.1 million.
How many branches does Atlantic Southern Bank have?
16 branches in 2 states as of June 30, 2026.
Is Atlantic Southern Bank profitable?
No: it lost $2.52 million from January 1 to March 31, 2011. Its return on assets was -1.33% a year; about 1% is typical.
Who owns Atlantic Southern Bank?
Atlantic Southern Bank is owned by Atlantic S Financial Group Inc, its holding company.
When did Atlantic Southern Bank fail?
May 20, 2011. Certus Bank, N.a. of Easley, SC took over its deposits. The estimated cost of the failure was $281.0 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.