In what’s reportedly the biggest bank failure in Georgia history, federal regulators have shut down Atlanta-based Silverton Bank N.A. appointing the Federal Deposit Insurance Corp. as receiver.

Silverton Bank had approximately $4.1 billion in assets and $3.3 billion in deposits, all of which the FDIC said are expected to be within its insurance limits. It was the 30th bank failure nationwide so far this year, and Georgia’s sixth.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top