Failed Bank Information for Alpha Bank & Trust, Alpharetta, GA
On October 24, 2008, Alpha Bank & Trust was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Stearns Bank, N.A., St. Cloud, MN acquired all insured deposit accounts.
The FDIC as Receiver for Alpha Bank & Trust, Alpharetta, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 11, 2022 and has made all dividend distributions required by law.
Effective February 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: February 1, 2023
Publication Date: August 11, 2022
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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.
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: Stearns Bank, N.A.
About Stearns Bank, N.A.
All insured non-brokered deposit accounts have been transferred to Stearns Bank, N.A., St. Cloud, MN ("assuming institution"). Former Alpha Bank & Trust locations reopened as branches of Stearns Bank, N.A.
Your transferred deposits were separately insured from any accounts you may have already had at Stearns Bank, N.A. for at least six months after the failure of Alpha Bank & Trust.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Stearns Bank, N.A. as long as the deposits are not pledged as collateral for loans.
Contacting Stearns Bank, N.A.
You can contact Stearns Bank, N.A.:
Stearns Bank, N.A.
4191 2nd St S
St. Cloud, MN 56301
Stearns Bank, N.A. (www.stearnsbank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (1Mb)
Agreement between FDIC and acquiring institution