First National Bank
Savannah, GA · Owner: First National Corp
$253M
total assets, March 31, 2010
$253M
total assets, March 31, 2010
First National Bank was a national bank in Savannah, GA, owned by First National Corp. It failed on Jun 25, 2010, and The Savannah Bank, National Association took over its deposits. At its last report it held $252.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Jun 25, 2010
- Assets
- $253M
- Deposits
- $232M
- Estimated cost
- $78.2M
- Deposits went to
- The Savannah Bank, National Association, Savannah, GA
Total assets
$253M
-9.7% in a year · -7.5% in a quarter
Deposits
$232M
-2.6% in a year · -7.7% in a quarter
Loans
$179M
-17.3% in a year · -7.1% in a quarter
Profit so far
-$1.4M
Jan 1 to Mar 31, 2010 · -1211.7% in a year
Capital ratio
1.77%
-7.14 pts in a year
Return on assets
-2.17%
-2.35 pts in a year
Facts
- Type
- National bank
- Head office
- 5225 Abercorn Street, Savannah, GA, 31405
- County
- Chatham
- Holding company
- First National Corp
- Established
- Apr 1, 1996
- Failed
- Jun 25, 2010
- Employees
- 32
- Branches
- 4
- Id
- b34152
Quarter by quarter
June 30, 1996 to March 31, 2010
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 National Bank?
$252.5 million in total assets and $231.9 million in deposits as of March 31, 2010, with assets down 9.7% from a year before. Its loans were $178.6 million.
How many branches does First National Bank have?
4 branches in Georgia as of June 30, 2026.
Is First National Bank profitable?
No: it lost $1.42 million from January 1 to March 31, 2010. Its return on assets was -2.17% a year; about 1% is typical.
Who owns First National Bank?
First National Bank is owned by First National Corp, its holding company.
When did First National Bank fail?
Jun 25, 2010. The Savannah Bank, National Association of Savannah, GA took over its deposits. The estimated cost of the failure was $78.2 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.