First Georgia Banking Company
Franklin, GA · Owner: FGBC Bancshares Inc
$731M
total assets, March 31, 2011
$731M
total assets, March 31, 2011
First Georgia Banking Company was a state nonmember bank in Franklin, GA, owned by FGBC Bancshares Inc. It failed on May 20, 2011, and Certus Bank, N.a. took over its deposits. At its last report it held $731.0 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2011
This bank failed
- Failed on
- May 20, 2011
- Assets
- $731M
- Deposits
- $702M
- Estimated cost
- $135M
- Deposits went to
- Certus Bank, N.a., Easley, SC
Total assets
$731M
-12.0% in a year · -5.1% in a quarter
Deposits
$702M
-9.3% in a year · -5.0% in a quarter
Loans
$490M
-17.2% in a year · -4.0% in a quarter
Profit so far
-$2.4M
Jan 1 to Mar 31, 2011
Capital ratio
0.92%
-3.12 pts in a year
Return on assets
-1.27%
-0.51 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 101 Main Street, Franklin, GA, 30217
- County
- Heard
- Holding company
- FGBC Bancshares Inc
- Established
- Nov 3, 2003
- Failed
- May 20, 2011
- Employees
- 152
- Branches
- 12
- Id
- b57647
Quarter by quarter
December 31, 2003 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 First Georgia Banking Company?
$731.0 million in total assets and $702.2 million in deposits as of March 31, 2011, with assets down 12.0% from a year before. Its loans were $490.3 million.
How many branches does First Georgia Banking Company have?
12 branches in Georgia as of June 30, 2026.
Is First Georgia Banking Company profitable?
No: it lost $2.38 million from January 1 to March 31, 2011. Its return on assets was -1.27% a year; about 1% is typical.
Who owns First Georgia Banking Company?
First Georgia Banking Company is owned by FGBC Bancshares Inc, its holding company.
When did First Georgia Banking Company fail?
May 20, 2011. Certus Bank, N.a. of Easley, SC took over its deposits. The estimated cost of the failure was $134.6 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.