Bank |
Public |
Share of |
% of bank's |
deposits |
public deposits |
total deposits |
|
1. C&S Bank |
$593,600,000 |
52% |
9% |
2. Bank South |
202,132,000 |
18 |
10 |
3. First Atlanta Bank |
109,917,000 |
10 |
2 |
4. First American Bank |
81,630,000 |
7 |
7 |
5. Trust Company Bank |
74,180,000 |
6 |
2 |
6. First Union Bank |
61,707,000 |
5 |
3 |
7. Citizens Trust Bank * |
22,578,000 |
2 |
29 |
8. Other banks |
845,000 |
0 |
4 |
* Black-owned institution
Note: These figures represent federal, state, county and other government deposits.
In 1986, when these figures were gathered, the city of Atlanta rotated its largest account, the general fund, among the five largest banks in the city from year to year. It was deposited in Bank South when these figures were gathered. In 1987 the city began to seek bids for this account, and First American won the first two-year bid. Other city deposits are not bid. The city places federal grant money in the black-owned bank, Citizens Trust, and pension funds in First Union.
Source: Sheshunoff's Banks of Georgia, 1986.
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