Skip Header

Federal Deposit
Insurance Corporation

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

Failed Bank Information for The Woodbury Banking Company, Woodbury, GA

On Friday, August 19, 2016, The Woodbury Banking Company was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. No advance notice is given to the public when a financial institution is closed. United Bank, Zebulon, GA acquired all deposit accounts and substantially all the assets.

At a Glance


Responses to common questions

Press Release

Official press release

Balance Sheet

Report on assets and liabilities

Dividend Information

Report on dividends paid

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.

If you had a deposit account:

The full balance of all deposit accounts has been transferred to United Bank.

You may continue to use your checks and ATM/Debit card. Direct deposits like paychecks and social security benefits will continue as usual. Please refer to the Banking Services section below for more details.

If you had a loan:

You should continue to make payments, including escrow payments, as usual; the terms of your loan will not change.

If you are making escrow payments and receive notification that any portion of your taxes or insurance was not paid, contact your loan officer.

If your loan is currently in process or you had a line of credit, contact your loan officer.

If you are owed money for a service or product provided:

You may be eligible to file a claim against The Woodbury Banking Company.

If you have not been paid for services rendered prior to August 19, 2016, please refer to the Filing Claims section below.


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.


About United Bank

All deposit accounts, including brokered deposits, have been transferred to United Bank, Zebulon, GA ("assuming institution") and will be available immediately. The former The Woodbury Banking Company locations will reopen as branches of United Bank during regular business hours.

Your transferred deposits will be separately insured from any accounts you may already have at United Bank for at least six months after the failure of The Woodbury Banking Company. Checks that were drawn on The Woodbury Banking Company that did not clear before the institution closed will be honored as long as there are sufficient funds in the account.

All interest accrued through Friday, August 19, 2016 will be paid at your same rate. United Bank will be reviewing rates. You will be notified of any changes. You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with United Bank as long as the deposits are not pledged as collateral for loans.

Contacting United Bank

You can contact United Bank:

United Bank
685 Griffin Street
Zebulon, GA 30295

United Bank (

Transaction Documentation

Purchase & Assumption Agreement - PDF (13Mb)
Agreement between FDIC and the acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Brokered Accounts

As an All Deposits transaction, the total of all deposit accounts, including brokered deposits, has been assumed by United Bank.

Deposit Broker's Processing Guide


Automatic Payments/Bill Pay/Online Banking

These services will continue as usual. Your routing number and account number will remain the same until you are notified in writing by United Bank.

ATM and Debit Cards

Your ATM/Debit card will continue to work as usual.


Your checks will be processed as usual. All outstanding checks will be paid against your available balance(s). United Bank will contact you soon regarding any changes in the terms of your account. If you have a problem with a merchant refusing to accept your check, please contact your branch office.

Direct Deposit

All direct deposits, for example, social security checks, payroll, veterans' benefits, disability, unemployment or any payment you receive electronically will continue as usual.

Overdraft Lines of Credit

These lines have been transferred to United Bank. Please contact United Bank if you have additional questions regarding your accounts.

Safe Deposit Boxes

You may continue to access your safe deposit box during normal business hours. Any changes will be communicated by United Bank.

Tax Reporting - 1098 and/or 1099

United Bank will be responsible for mailing your 1099 tax information. Your 1098 reporting will be done by the FDIC or the servicer of your loan. You will be notified of any changes in ownership or servicing of your loan.



If you or your company provided a service or product, leased space, furniture, or equipment to The Woodbury Banking Company prior to August 19, 2016 and have not been paid, you may have a claim against The Woodbury Banking Company.

All creditors having claims against The Woodbury Banking Company must submit their claims to the Receiver online or by mail:



FDIC as Receiver for The Woodbury Banking Company
Attention: Claims Agent
1601 Bryan Street
Dallas, TX 75201

Please note: There are time limits for filing a claim. Your claim must be filed on or before (the "Claims Bar Date").

Under federal law, failure to file a claim on or before the Claims Bar Date will result in disallowance of the claim by the Receiver. The disallowance will be final. 12 U.S.C. Section 1821(d)(5)(C).

NOTE TO CLASS CLAIMANTS: By law, the Receiver will not accept a claim filed on behalf of a proposed class of individuals or entities or a class of individuals or entities certified by a court. EACH individual or entity must file a separate claim with the Receiver.

Priority of Claims

In accordance with Federal law, allowed claims will be paid, after administrative expenses, in the following order of priority:

  1. Depositors
  2. General Unsecured Creditors
  3. Subordinated Debt
  4. Stockholders



All shares of The Woodbury Banking Company are owned by its holding company, Woodbury Bancshares, Inc., Woodbury, GA. The holding company was not included in the closing of the bank or resulting receivership.

Contacting the Holding Company

If you are a stockholder, please do not contact or file a claim with the Receiver. You must contact the holding company directly:

Woodbury Bancshares, Inc.
P.O. Box 305
Woodbury, GA 30293


Questions About This Closing

Contact the FDIC Customer Service Department at (888) 206-4662.

Hours of Operation - Eastern Time
Monday - Friday (excluding federal holidays): 9:00 AM - 5:00 PM

Specific Points of Contact

Find a point of contact for each of the topics below:

Acquiring Institution(s)
Real Estate Owned

Skip Footer back to content