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New Horizons Bank of East Ellijay, GA, Fails and Sold To Bank With Unpaid TARP Loan

April 15, 2011 By Craig Stahl Leave a Comment

New Horizons Bank, East Ellijay, Georgia, was closed today by the Georgia Department of Banking and Finance which named the FDIC as receiver.  The FDIC entered into a purchase and assumption agreement with Citizens South Bank, Gastonia, North Carolina, to assume all deposits and purchase all assets of failed New Horizons. New Horizons was a […]

Filed Under: Bank Failure, Banking News, Failed Bank Bought By Bank Owing TARP Funds, Failed Banks, problem banks Tagged With: Citizens South, failed bank, New Horizons, TARP bank buys failed bank

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