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Bank Failures

Failed Bank Information for Appalachian Community Bank, Ellijay, GA

On Friday, March 19, 2010, Appalachian Community Bank was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Community & Southern Bank, Carrollton, GA acquired all deposit accounts.

The FDIC as Receiver for Appalachian Community Bank, Ellijay, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 11, 2022 and has made all dividend distributions required by law.

Effective April 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: April 1, 2023
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Notice of Intent to Terminate

Publication Date: August 11, 2022
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Dividend Information

Report on dividends paid
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Press Release

Official press release

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 were transferred to Community & Southern Bank, Carrollton, GA ("assuming institution"). Former Appalachian Community 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 Appalachian Community 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 07/21/2016, Community & Southern Bank merged with Bank OZK.

You can contact Bank OZK:

Bank OZK
18000 Cantrell Rd
Little Rock, AR 72223

Bank OZK (www.ozk.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (1Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: April 10, 2023