Bankruptcy: First Choice Community Bank by bankvega

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									First Choice Community Bank: Erratic performance finally
catches up with bank
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.




Key Performance Indicators
Consistent deterioration in all key parameters other than growth – which indicates that bank was trying
to grow at expense of other fundamental metrics.


Key latest reports for this bank
Profile Report
Key Financial Numbers

								
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