Failed Bank Information for Appalachian Community Bank, Ellijay, GA
On Friday, March 19, 2010, Appalachian Community Bank was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Community & Southern Bank, Carrollton, GA acquired all deposit accounts.
The FDIC as Receiver for Appalachian Community Bank, Ellijay, 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 April 1, 2023, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: April 1, 2023
Publication Date: August 11, 2022
Report on dividends paid
Official press release
Beware 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.
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 were transferred to Community & Southern Bank, Carrollton, GA ("assuming institution"). Former Appalachian Community 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 Appalachian Community 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 07/21/2016, Community & Southern Bank merged with Bank OZK.
You can contact Bank OZK:
18000 Cantrell Rd
Little Rock, AR 72223
Bank OZK (www.ozk.com)
Purchase & Assumption Agreement - PDF (1Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank