Douglas County Bank Douglasville, GA

Douglas County Bank Douglasville, GA was founded in 1974.  It has entered into to a cease and desist agreement with the FDIC on 11/7/09.  They were cited for no board oversight, management policies damaging to the bank, inadequate equity, poor quality loans, lax underwriting and operating to produce losses.  The Texas ratio is 577%.

They have $335MM in assets, $226MM in loans and $15MM in equity.

The problem loans consist of $10MM 30-90 days past due, $226MM on non accrual and $60MM in OREO.

They appear to be technically insolvent.

They have an impressive list of properties for sale on the website.



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