Failed Bank Information for CapitalSouth Bank, Birmingham, AL
On Friday, August 21, 2009, CapitalSouth Bank was closed by the Alabama State Banking Department. The FDIC was named Receiver. IBERIABANK, Lafayette, LA acquired all deposit accounts.
The FDIC as Receiver for CapitalSouth Bank, Birmingham, AL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on January 25, 2017 and has made all dividend distributions required by law.
Effective February 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: February 1, 2018
Publication Date: January 25, 2017
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: IBERIABANK
All deposit accounts, excluding certain brokered deposits, were transferred to IBERIABANK, Lafayette, LA ("assuming institution"). Former CapitalSouth Bank locations reopened as branches of IBERIABANK.
Your transferred deposits were separately insured from any accounts you may have already had at IBERIABANK for at least six months after the failure of CapitalSouth Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with IBERIABANK as long as the deposits are not pledged as collateral for loans.
You can contact IBERIABANK:
200 West Congress Street
Lafayette, LA 70501
Purchase & Assumption Agreement - PDF (7Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank