Friday, November 16, 2012

CertusBank buying failed Georgia bank

Greenville, S.C.-based CertusBank will assume the deposits and assets of a failed Georgia bank, the FDIC announced Friday.

CertusBank, which has about $2 billion in assets and 31 offices, is run by former Bank of America and Wachovia executives. It has a corporate office in SouthPark.

Branches of Hometown Community Bank of Braselton, Ga., will open as CertusBank branches Monday. CertusBank had previously bought three other failed banks in South Carolina and Georgia.

Hometown Community Bank had $125 million in assets.