Failed Bank Information for Georgia Trust Bank, Buford, GA
On Friday, July 20, 2012, Georgia Trust Bank was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Community & Southern Bank, Atlanta, GA acquired all deposit accounts.
The FDIC as Receiver for Georgia Trust Bank, Buford, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on October 5, 2018 and has made all dividend distributions required by law.
Effective February 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: February 1, 2019
Publication Date: October 5, 2018
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: COMMUNITY & SOUTHERN BANK
About Community & Southern Bank
All deposit accounts, excluding certain brokered deposits, were transferred to Community & Southern Bank, Atlanta, GA ("assuming institution"). Former Georgia Trust Bank locations reopened as branches of Community & Southern Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Community & Southern Bank for at least six months after the failure of Georgia Trust Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Community & Southern Bank as long as the deposits are not pledged as collateral for loans.
Contacting Community & Southern Bank
On July 21, 2016, Community & Southern Bank merged with Bank OZK.
You can contact Bank OZK:
Bank OZK
17901 Chenal Parkway
Little Rock, AR 72223
Bank OZK (www.ozk.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (7Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank