Failed Bank Information for The Buckhead Community Bank, Atlanta, GA
On Friday, December 4, 2009, The Buckhead Community Bank was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. State Bank and Trust Company, Macon, GA acquired all deposit accounts, excluding certain brokered deposits.
The FDIC as Receiver for The Buckhead Community Bank, Atlanta, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 4, 2020 and has made all dividend distributions required by law.
Effective February 1, 2021, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: February 1, 2021
Publication Date: September 4, 2020
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: STATE BANK AND TRUST COMPANY
About State Bank and Trust Company, Macon, GA
All deposit accounts, excluding certain brokered deposits, were transferred to State Bank and Trust Company, Macon, GA ("assuming institution"). Former The Buckhead Community Bank 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 The Buckhead 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 State Bank and Trust Company as long as the deposits are not pledged as collateral for loans.
Contacting State Bank and Trust Company
On January 1, 2019, State Bank and Trust Company merged with Cadence Bank, N.A.
On October 29, 2021 Cadence Bank, N.A. merged with BancorpSouth Bank, changed its legal name and currently doing business as Cadence Bank
You can contact Cadence Bank
Cadence Bank
201 S Spring St
Tupelo, MS 38804
Cadence Bank (www.cadencebank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (1Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank