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First Choice Community Bank: Erratic performance finally catches up with bank - 0 views

www.bankvega.com/blog

58539 bank faiures first choice community georgia fialures

shared by Jass Tpss on 03 May 11 - No Cached

Jass Tpss on 03 May 11

First Choice Community Bank, Dallas, GA was closed by the regulators on April 29, 2010. All deposit accounts, excluding the Cede & Co. deposits, have been transferred to Bank of the Ozarks, Little Rock, AR ("assuming institution") and will be available immediately. The former First Choice Community Bank locations will reopen as branches of Bank of the Ozarks during regular business hours. Safety Ranking: BankVega safety ranking has been erratic for last 2 years and seen wild swings. It looks like bank tried to maintain its growth at all costs, but fundamental challenges in asset quality resulted in bankruptcy of the bank.

<div class="cArrow"> </div><div class="cContentInner">First Choice Community Bank, Dallas, GA was closed by the regulators on April 29, 2010. All deposit accounts, excluding the Cede & Co. deposits, have been transferred to Bank of the Ozarks, Little Rock, AR ("assuming institution") and will be available immediately. The former First Choice Community Bank locations will reopen as branches of Bank of the Ozarks during regular business hours. Safety Ranking: BankVega safety ranking has been erratic for last 2 years and seen wild swings. It looks like bank tried to maintain its growth at all costs, but fundamental challenges in asset quality resulted in bankruptcy of the bank.</div>

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