Tifton, Vidalia Banks Closed
Press release from the issuing company
Monday, November 15th, 2010
The number of Georgia banks closed in 2010 rose to 18 today as regulators closed Tifton Banking Co. of Tifton and Darby Bank & Trust Co. of Vidalia, costing the federal bank insurance fund $160 million.
Ameris Bank of Moultrie, Ga., acquired the banks' assets and deposits.
As of Sept. 30, 2010, Tifton Banking Co. had total assets of $143.7 million and total deposits of $141.6 million, and Darby Bank & Trust Co. had total assets of $654.7 million and total deposits of $587.6 million.
