Southern Community Bank
Fayetteville, GA · Owner: Southern Cmty Bancshares Inc
$372M
total assets, March 31, 2009
$372M
total assets, March 31, 2009
Southern Community Bank was a state nonmember bank in Fayetteville, GA, owned by Southern Cmty Bancshares Inc. It failed on Jun 19, 2009, and United Community Bank took over its deposits. At its last report it held $371.7 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2009
This bank failed
- Failed on
- Jun 19, 2009
- Assets
- $372M
- Deposits
- $298M
- Estimated cost
- $137M
- Deposits went to
- United Community Bank, Blairsville, GA
Total assets
$372M
+0.1% in a year · -2.6% in a quarter
Deposits
$298M
+8.0% in a year · -2.5% in a quarter
Loans
$224M
-15.8% in a year · -6.9% in a quarter
Profit so far
-$4.4M
Jan 1 to Mar 31, 2009
Capital ratio
3.51%
-3.65 pts in a year
Return on assets
-4.64%
-2.76 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 525 North Jeff Davis Drive, Fayetteville, GA, 30214
- County
- Fayette
- Holding company
- Southern Cmty Bancshares Inc
- Established
- Jun 2, 2000
- Failed
- Jun 19, 2009
- Employees
- 62
- Branches
- 7
- Id
- b35251
Quarter by quarter
June 30, 2000 to March 31, 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 Southern Community Bank?
$371.7 million in total assets and $298.0 million in deposits as of March 31, 2009, with assets up 0.1% from a year before. Its loans were $223.7 million.
How many branches does Southern Community Bank have?
7 branches in Georgia as of June 30, 2026.
Is Southern Community Bank profitable?
No: it lost $4.37 million from January 1 to March 31, 2009. Its return on assets was -4.64% a year; about 1% is typical.
Who owns Southern Community Bank?
Southern Community Bank is owned by Southern Cmty Bancshares Inc, its holding company.
When did Southern Community Bank fail?
Jun 19, 2009. United Community Bank of Blairsville, GA took over its deposits. The estimated cost of the failure was $136.6 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.