Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.
Bank Failures

Failed Bank Information for RockBridge Commercial Bank, Atlanta, GA

Information for RockBridge Commercial Bank, Atlanta, GA

  1. Introduction
  2. Press Release
  3. Is My Account Fully Insured?
  4. Acquiring Financial Institution
  5. Question and Answer Guide
  6. Banking Services
  7. Loan Customers
  8. Possible Claims Against the Failed Institution
  9. Priority of Claims
  10. Dividend Information
  11. Brokered Deposits
  12. Balance Sheet Summary

Please be advised you will not receive any email notification to claim/unlock/unsuspend your account or to provide any private information. Please be aware of any Phishing Scams to obtain information from you.

I.  Introduction

On Friday, December 18, 2009, RockBridge Commercial Bank, Atlanta, GA was closed by the Georgia Department of Banking and Finance, and the FDIC was named Receiver. No advance notice is given to the public when a financial institution is closed.

The FDIC has assembled useful information regarding your relationship with this institution. Besides a checking account, you may have Certificates of Deposit, a car loan, a business checking account, a commercial loan, a Social Security direct deposit, and other relationships with the institution. The FDIC has compiled the following information, which should answer many of your questions.


Back to top

II.  Press Release

The FDIC has issued a press release (PR-233-2009) about the institution's closure.  If you represent a media outlet and would like information about the closure, please contact Greg Hernandez at 1-202-898-6984.


Back to top

III.  Is My Account Fully Insured?

This link will allow you to verify the insurance status of each of your accounts. This link will be available for use no later than the first business day after bank failure.

Simply enter your account number in the search screen. If you receive the message that "your account is fully insured" a link will appear that provides you with additional information. If you receive the message that you should contact the FDIC, then a link will appear that provides you contact information.

Is My Account Fully Insured?


Back to top

IV.  Acquiring Financial Institution

An assuming institution could not be located; therefore, the FDIC will fulfill its obligation to insured depositors by mailing checks for their insured amounts.

Principal and interest on insured accounts, through Friday, December 18, 2009, are fully insured by the FDIC, up to the insurance limit of $250,000. You will receive full payment for your insured account. Certain entitlements and different types of accounts can be insured for more than the $250,000 limit. IRA funds are insured separately from other types of accounts, up to a $250,000 limit.

All interest bearing accounts that exceed the $250,000 insurance limit and/or all interest bearing accounts that appear to be related and exceed this limit are reviewed by the FDIC to determine their ownership and insurance coverage. If you think you might have uninsured deposits, you should call the FDIC Call Center to arrange for a telephone interview with a Claims Agent at (888) 206-4662. The Claim Agent may direct you to download and submit a particular form that will assist in expediting the processing of your claim.

List of Affidavits, Declarations, and Forms available for download

FDIC Call Center
Toll free number (888) 206-4662
Hours of Operation – Eastern Time Zone

Friday, December 18, 2009: Until 9:00 p.m.
Saturday, December 19, 2009: 9:00 a.m. - 6:00 p.m.
Sunday, December 20, 2009: Noon - 6:00 p.m.
Thereafter:8:00 a.m. - 8:00 p.m.

NOTE: Due to the Christmas Holiday, the call center will not be operational between the hours of 3 p.m., Thursday, December 24, and 8 a.m., Monday, December 28.

If it is determined that you have uninsured funds, the FDIC will generate and mail to you a Receiver Certificate. This certificate entitles you to share proportionately in any funds recovered through the disposal of the assets of RockBridge Commercial Bank. This means that you may eventually recover some of your uninsured funds.

To find out more about FDIC Deposit Insurance:

Your CD(s) will automatically be closed, and you will receive a check up to the insured amount from the FDIC. You will not be assessed an early withdrawal penalty. A hold may be in place on deposit accounts due to delinquent loans where the depositor is the borrower or guarantor.  Additionally, any account pledged as collateral for a loan will be held.


Back to top

VI.  Banking Services

On Friday, December 18, 2009, all accounts have been closed and you will receive a check up to your insured amount and a final statement from the FDIC. You will no longer have access to the website and online services.


Back to top

VII.  Loan Customers

If you had a loan with RockBridge Commercial Bank, you should continue to make your payments as usual. The terms of your loan will not change, because they are contractually agreed to in your promissory note. Make checks payable to FDIC as Receiver for RockBridge Commercial Bank and utilize the same payment address information.

If you have questions concerning this matter, please call 1-800-405-1604 to schedule an appointment with an FDIC representative.

Please see A Borrower's Guide to an FDIC Insured Bank Failure for additional information.


Back to top

VIII.  Possible Claims Against the Failed Institution

Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. If you or your company provided a service or product, leased space, furniture, or equipment to RockBridge Commercial Bank after Friday, December 18, 2009 and have not been paid, you do not have a claim against RockBridge Commercial Bank. Please follow your normal billing procedures by providing an invoice as instructed.

If you or your company provided a service or product, leased space, furniture, or equipment to RockBridge Commercial Bank prior to Friday, December 18, 2009 and have not been paid, you may be entitled to a claim against the bank. If you provided a product to or a service for RockBridge Commercial Bank prior to the bank's failure for which you have not been paid and you have not received communication, please contact:

FDIC as Receiver for RockBridge Commercial Bank
1601 Bryan Street
Dallas, TX  75201-3430
Attention: Claims Agent


(888) 206-4662

Please note: There are time limits for filing a claim, your claim must be filed on or before 3/24/2010.

The RockBridge Commercial Bank had no publicly owned stock. Equity shareholders were invested in the holding company, RockBridge Financial Holding Company, Atlanta, Georgia, and not in the bank. Please do not file a claim with the Receiver, rather contact the holding company with any questions you may have:

RockBridge Financial Holding Company
5607 Glenridge Drive
Suite 100
Atlanta, GA 30342


Back to top

IX.  Priority of Claims

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

  1. Depositors
  2. General Unsecured Creditors
  3. Subordinated Debt
  4. Stockholders


Back to top

X.  Dividend Information

Dividend History on RockBridge Commercial Bank

Dividend Information on Failed Financial Institutions


Back to top

XI.  Brokered Deposits

The FDIC offers a reference guide to deposit brokers acting as agents for their investor clientele.  This site outlines the FDIC's policies and procedures that must be followed by deposit brokers when filing for pass-through insurance coverage on custodial accounts deposited in a failed FDIC Insured Institution.

Deposit Broker's Processing Guide


Back to top

General Disclaimer

Last Updated: September 22, 2020