On Friday, December 14, 2012, Community Bank of the Ozarks was closed by the Missouri Division of Finance. The FDIC was named Receiver. Bank of Sullivan, Sullivan, MO acquired all deposit accounts.
The FDIC as Receiver for Community Bank of the Ozarks, Sunrise Beach, MO has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on December 21, 2021 and has made all dividend distributions required by law.
Effective April 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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ACQUIRING INSTITUTION: BANK OF SULLIVAN
About Bank of Sullivan
All deposit accounts, including brokered deposits, were transferred to Bank of Sullivan, Sullivan, MO ("assuming institution"). Former Community Bank of the Ozarks locations reopened as branches of Bank of Sullivan.
Your transferred deposits were separately insured from any accounts you may have already had at Bank of Sullivan for at least six months after the failure of Community Bank of the Ozarks.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Bank of Sullivan as long as the deposits are not pledged as collateral for loans.
Contacting Bank of Sullivan
You can contact Bank of Sullivan:
Bank of Sullivan
318 West Main Street
Sullivan, MO 63080
Bank of Sullivan (www.sullivanbank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (7.8Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank