Everything must go!
Just ahead of Black Friday sales, the Federal Deposit Insurance Corp. is marking down the buildings of two failed Georgia banks. And has the FDIC got a deal for you — they’ll throw in the furniture and fixtures, too.
One Sunrise Bank branch, in Jeffersonville, was originally listed at $462,000. The 1971 building in the Macon area can now be had for the low, low price of $373,950.
An online listing on Coldwell Banker’s website describes it as having easy highway access, two drive-thru teller lanes, an ATM lane and 333 safety deposit boxes.
“Lots of potential. Must see. Bring offers!” the ad exclaims.
The other building, in Ailey — 85 miles southeast of Macon, with a population of 432 in the 2010 Census — was built in 2009, and was once used as a bank operations center for Montgomery Bank and Trust, which failed last summer.
A Trulia listing shows it at $385,000, but the FDIC has it marked down to $249,900.
An undetermined number of bank branches have been on the market since Georgia banks started failing in 2008 — there have been 87 failures in the state since the beginning of the financial crisis, and other banks have closed branches. But at the end of 2012, a Cushman & Wakefield study found at least 54 former bank branches listed for sale or lease in metro Atlanta.