Georgian Bank
Atlanta, GA · Owner: Georgian Bcorp Inc
$2.2B
total assets, June 30, 2009
$2.2B
total assets, June 30, 2009
Georgian Bank was a state nonmember bank in Atlanta, GA, owned by Georgian Bcorp Inc. It failed on Sep 25, 2009, and First Citizens Bank & Trust Company took over its deposits. At its last report it held $2.2 billion in assets.
Updated Oct 11, 2026 · numbers as of June 30, 2009
This bank failed
- Failed on
- Sep 25, 2009
- Assets
- $2.2B
- Deposits
- $2.0B
- Estimated cost
- $961M
- Deposits went to
- First Citizens Bank & Trust Company, Columbia, SC
Total assets
$2.2B
+2.8% in a year · -1.8% in a quarter
Deposits
$2.0B
+8.1% in a year · -0.1% in a quarter
Loans
$1.8B
-1.7% in a year · -1.7% in a quarter
Profit so far
-$45.0M
Jan 1 to Jun 30, 2009 · -894.9% in a year
Capital ratio
6.30%
-2.66 pts in a year
Return on assets
-4.01%
-4.55 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3300 Cumberland Boulevard, Atlanta, GA, 30339
- County
- Cobb
- Holding company
- Georgian Bcorp Inc
- Established
- Nov 14, 2001
- Failed
- Sep 25, 2009
- Employees
- 185
- Branches
- 5
- Id
- b57151
Quarter by quarter
December 31, 2001 to June 30, 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 Georgian Bank?
$2.2 billion in total assets and $2.0 billion in deposits as of June 30, 2009, with assets up 2.8% from a year before. Its loans were $1.8 billion.
How many branches does Georgian Bank have?
5 branches in Georgia as of June 30, 2026.
Is Georgian Bank profitable?
No: it lost $45.0 million from January 1 to June 30, 2009. Its return on assets was -4.01% a year; about 1% is typical.
Who owns Georgian Bank?
Georgian Bank is owned by Georgian Bcorp Inc, its holding company.
When did Georgian Bank fail?
Sep 25, 2009. First Citizens Bank & Trust Company of Columbia, SC took over its deposits. The estimated cost of the failure was $960.8 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.