FirstBank Financial Services
Mcdonough, GA · Owner: Firstbank Finl Services Inc
$317M
total assets, December 31, 2008
$317M
total assets, December 31, 2008
FirstBank Financial Services was a state nonmember bank in Mcdonough, GA, owned by Firstbank Finl Services Inc. It failed on Feb 6, 2009, and Regions Bank took over its deposits. At its last report it held $317.2 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Feb 6, 2009
- Assets
- $317M
- Deposits
- $279M
- Estimated cost
- $151M
- Deposits went to
- Regions Bank, Birmingham, AL
Total assets
$317M
-8.1% in a year · -10.5% in a quarter
Deposits
$279M
+0.5% in a year · -6.3% in a quarter
Loans
$219M
-14.8% in a year · -3.4% in a quarter
Profit so far
-$25.2M
Jan 1 to Dec 31, 2008
Capital ratio
2.31%
-6.67 pts in a year
Return on assets
-6.83%
-6.54 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 120 Keys Ferry Street, Mcdonough, GA, 30253
- County
- Henry
- Holding company
- Firstbank Finl Services Inc
- Established
- Jan 28, 2002
- Failed
- Feb 6, 2009
- Employees
- 53
- Branches
- 4
- Id
- b57017
Quarter by quarter
March 31, 2002 to December 31, 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 FirstBank Financial Services?
$317.2 million in total assets and $279.3 million in deposits as of December 31, 2008, with assets down 8.1% from a year before. Its loans were $219.0 million.
How many branches does FirstBank Financial Services have?
4 branches in Georgia as of June 30, 2026.
Is FirstBank Financial Services profitable?
No: it lost $25.2 million from January 1 to December 31, 2008. Its return on assets was -6.83% a year; about 1% is typical.
Who owns FirstBank Financial Services?
FirstBank Financial Services is owned by Firstbank Finl Services Inc, its holding company.
When did FirstBank Financial Services fail?
Feb 6, 2009. Regions Bank of Birmingham, AL took over its deposits. The estimated cost of the failure was $151.3 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.