Skip Header

Federal Deposit
Insurance Corporation

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

Failed Bank Information for Citizens Bank of Effingham, Springfield, GA

On Friday, February 18, 2011, Citizens Bank of Effingham was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Heritage Bank of the South, Albany, GA acquired all deposit accounts.

The FDIC as Receiver for Citizens Bank of Effingham, Springfield, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on January 17, 2018 and has made all dividend distributions required by law.

Effective May 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 (www.federalregister.gov)

Effective Date: May 1, 2018


Notice of Intent to Terminate (www.federalregister.gov)

Publication Date: January 17, 2018

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: Heritage Bank OF THE SOUTH

About Heritage Bank of the South

All deposit accounts, excluding certain brokered deposits, were transferred to Heritage Bank of the South, Albany, GA ("assuming institution"). Former Citizens Bank of Effingham locations reopened as branches of Heritage Bank of the South.

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

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

Contacting Heritage Bank of the South

On July 1, 2015, Heritage Bank merged with Renasant Bank.

You can contact Renasant Bank:

Renasant Bank
209 Troy Street
Tupelo, MS 38801

Renasant Bank (www.renasantbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (10Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Skip Footer back to content