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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for CapitalSouth Bank, Birmingham, AL

On Friday, August 21, 2009, CapitalSouth Bank was closed by the Alabama State Banking Department. The FDIC was named Receiver. IBERIABANK, Lafayette, LA acquired all deposit accounts.

The FDIC as Receiver for CapitalSouth Bank, Birmingham, AL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on January 25, 2017 and has made all dividend distributions required by law.

Effective February 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: February 1, 2018


Notice of Intent to Terminate

Publication Date: January 25, 2017

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware 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.

caution

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: IBERIABANK

About IBERIABANK

All deposit accounts, excluding certain brokered deposits, were transferred to IBERIABANK, Lafayette, LA ("assuming institution"). Former CapitalSouth Bank locations reopened as branches of IBERIABANK.

Your transferred deposits were separately insured from any accounts you may have already had at IBERIABANK for at least six months after the failure of CapitalSouth Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with IBERIABANK as long as the deposits are not pledged as collateral for loans.

Contacting IBERIABANK

You can contact IBERIABANK:

IBERIABANK
200 West Congress Street
Lafayette, LA 70501

IBERIABANK (www.iberiabank.com/personal)

Transaction Documentation

Purchase & Assumption Agreement - PDF (7Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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