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Federal Deposit
Insurance Corporation

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

Failed Bank Information for First Southern National Bank, Statesboro, GA

On Friday, August 19, 2011, First Southern National Bank was closed by the Office of the Comptroller of the Currency. The FDIC was named Receiver. Heritage Bank of the South, Albany, GA acquired all deposit accounts.

The FDIC as Receiver for First Southern National Bank, Statesboro, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on July 26, 2017 and has made all dividend distributions required by law.

Effective December 1, 2017, 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: December 1, 2017


Notice of Intent to Terminate

Publication Date: July 26, 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: 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 First Southern National Bank 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 First Southern National Bank.

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.

On July 1, 2015, Heritage Bank of the South merged with Renasant Bank.

Contacting Renasant Bank

You can contact Heritage Bank of the South:

Heritage Bank of the South
209 Troy Street
Tupelo, MS 38801

Renasant Bank (www.renasantbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (10.7 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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