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Federal Deposit
Insurance Corporation

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

Failed Bank Information for Security Bank of Gwinnett County, Suwanee, GA

On Friday, July 24, 2009, Security Bank of Gwinnett 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 Gwinnett County, Suwanee, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on May 30, 2017 and has made all dividend distributions required by law.

Effective October 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: October 1, 2017


Notice of Intent to Terminate

Publication Date: May 30, 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: STATE BANK AND TRUST COMPANY

About State Bank and Trust Company

All deposit accounts, including brokered deposits, were transferred to State Bank and Trust Company, Pinehurst, GA ("assuming institution"). Former Security Bank of Gwinnett 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 Gwinnett 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

You can contact State Bank and Trust Company:

State Bank and Trust Company
4219 Forsyth Road
Macon, GA 31210

State Bank and Trust Company (www.statebt.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (806Kb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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