Community Bank & Trust
Cornelia, GA · Owner: Community Bankshares Inc
$1.2B
total assets, December 31, 2009
$1.2B
total assets, December 31, 2009
Community Bank & Trust was a state nonmember bank in Cornelia, GA, owned by Community Bankshares Inc. It failed on Jan 29, 2010, and Scbt, National Association took over its deposits. At its last report it held $1.2 billion in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2009
This bank failed
- Failed on
- Jan 29, 2010
- Assets
- $1.2B
- Deposits
- $1.1B
- Estimated cost
- $477M
- Deposits went to
- Scbt, National Association, Orangeburg, SC
Total assets
$1.2B
-7.4% in a year · -2.4% in a quarter
Deposits
$1.1B
+2.8% in a year · -2.9% in a quarter
Loans
$875M
-11.8% in a year · -2.9% in a quarter
Profit so far
-$59.0M
Jan 1 to Dec 31, 2009
Capital ratio
1.79%
-4.59 pts in a year
Return on assets
-4.72%
-4.19 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 448 North Main Street, Cornelia, GA, 30531
- County
- Habersham
- Holding company
- Community Bankshares Inc
- Established
- Aug 3, 1900
- Failed
- Jan 29, 2010
- Employees
- 384
- Branches
- 38
- Id
- b5702
Quarter by quarter
March 31, 1984 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 Community Bank & Trust?
$1.2 billion in total assets and $1.1 billion in deposits as of December 31, 2009, with assets down 7.4% from a year before. Its loans were $875.3 million.
How many branches does Community Bank & Trust have?
38 branches in Georgia as of June 30, 2026.
Is Community Bank & Trust profitable?
No: it lost $59.0 million from January 1 to December 31, 2009. Its return on assets was -4.72% a year; about 1% is typical.
Who owns Community Bank & Trust?
Community Bank & Trust is owned by Community Bankshares Inc, its holding company.
When did Community Bank & Trust fail?
Jan 29, 2010. Scbt, National Association of Orangeburg, SC took over its deposits. The estimated cost of the failure was $477.2 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.