Failed Bank Information for Security Bank of Bibb County, Macon, GA
On Friday, July 24, 2009, Security Bank of Bibb County was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. State Bank and Trust Company, Pinehurst, GA acquired all deposit accounts.
The FDIC as Receiver for Security Bank of Bibb County, Macon, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on April 9, 2021 and has made all dividend distributions required by law.
Effective September 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: September 1, 2021
Publication Date: April 9, 2021
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: STATE BANK AND TRUST COMPANY
About State Bank and Trust Company
All deposit accounts, were transferred to State Bank and Trust Company, Pinehurst, GA ("assuming institution"). Former Security Bank of Bibb County locations reopened as branches of State Bank and Trust Company.
Your transferred deposits were separately insured from any accounts you may have already had at State Bank and Trust Company for at least six months after the failure of Security Bank of Bibb County.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with State Bank and Trust Company as long as the deposits are not pledged as collateral for loans.
Contacting State Bank and Trust Company
On 01/01/2019, State Bank and Trust Company merged with Cadence Bank, N.A.
You can contact
Cadence Bank, N.A.:
Cadence Bank, N.A.
1535 BASS ROAD
MACON, GA, 31212
Cadence Bank, N.A. ( cadencebank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (806 kb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank