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Bank Failures

Bid Summary for FirstBank Financial Services, McDonough, GA

FirstBank Financial Services, McDonough, GA
Closing Date: February 5, 2009

Failed Bank Information for FirstBank Financial Services, McDonough, GA

Winning Bidder: Regions Bank, Birmingham, AL

Winning Bid: All deposits P&A, Deposit Premium 0%.

No other bids were received

Notes:

  • The winning bidder's acquisition of all the deposits was the least costly resolution compared to a liquidation alternative. The liquidation alternative was valued using valuation models to estimate the market value of the assets.
  • For more information on the bid disclosure policy, see Failed Financial Institution Bid Disclosure Policy.

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Last Updated: November 18, 2020