First Georgia Community Bank
Jackson, GA · Owner: First Georgia Community Corp
$256M
total assets, September 30, 2008
$256M
total assets, September 30, 2008
First Georgia Community Bank was a state member bank in Jackson, GA, owned by First Georgia Community Corp. It failed on Dec 5, 2008, and United Bank took over its deposits. At its last report it held $256.4 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2008
This bank failed
- Failed on
- Dec 5, 2008
- Assets
- $256M
- Deposits
- $215M
- Estimated cost
- $86.3M
- Deposits went to
- United Bank, Zebulon, GA
Total assets
$256M
-16.4% in a year · -1.1% in a quarter
Deposits
$215M
-15.5% in a year · -3.2% in a quarter
Loans
$178M
-20.0% in a year · -0.1% in a quarter
Profit so far
-$3.0M
Jan 1 to Sep 30, 2008 · -372.4% in a year
Capital ratio
6.01%
-2.61 pts in a year
Return on assets
-1.47%
-1.95 pts in a year
Facts
- Type
- State member bank
- Head office
- 150 Covington Street, Jackson, GA, 30233
- County
- Butts
- Holding company
- First Georgia Community Corp
- Established
- Sep 8, 1997
- Failed
- Dec 5, 2008
- Employees
- 75
- Branches
- 4
- Id
- b34301
Quarter by quarter
September 30, 1997 to September 30, 2008
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 Community Bank?
$256.4 million in total assets and $215.3 million in deposits as of September 30, 2008, with assets down 16.4% from a year before. Its loans were $178.2 million.
How many branches does First Georgia Community Bank have?
4 branches in Georgia as of June 30, 2026.
Is First Georgia Community Bank profitable?
No: it lost $2.99 million from January 1 to September 30, 2008. Its return on assets was -1.47% a year; about 1% is typical.
Who owns First Georgia Community Bank?
First Georgia Community Bank is owned by First Georgia Community Corp, its holding company.
When did First Georgia Community Bank fail?
Dec 5, 2008. United Bank of Zebulon, GA took over its deposits. The estimated cost of the failure was $86.3 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.