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Federal Deposit
Insurance Corporation

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

Failed Bank Information for Georgia Trust Bank, Buford, GA

On Friday, July 20, 2012, Georgia Trust Bank was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Community & Southern Bank, Atlanta, GA acquired all deposit accounts.

The FDIC as Receiver for Georgia Trust Bank, Buford, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on October 5, 2018 and has made all dividend distributions required by law.

Effective February 1, 2019, 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, 2019


Notice of Intent to Terminate

Publication Date: October 5, 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: COMMUNITY & SOUTHERN BANK

About Community & Southern Bank

All deposit accounts, excluding certain brokered deposits, were transferred to Community & Southern Bank, Atlanta, GA ("assuming institution"). Former Georgia Trust Bank locations reopened as branches of Community & Southern Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Community & Southern Bank for at least six months after the failure of Georgia Trust Bank.

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

Contacting Community & Southern Bank

On July 21, 2016, Community & Southern Bank merged with Bank OZK.

You can contact Bank OZK:

Bank OZK
17901 Chenal Parkway
Little Rock, AR 72223

Bank OZK (www.ozk.com)

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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