Failed Bank Information for Century Security Bank, Duluth, GA
On Friday, March 19, 2010, Century Security Bank was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Bank of Upson, Thomaston, GA acquired all deposit accounts.
The FDIC as Receiver for Century Security Bank, Duluth, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on November 5, 2018 and has made all dividend distributions required by law.
Effective April 1, 2019, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: April 1, 2019
Publication Date: November 5, 2018
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: BANK OF UPSON
About Bank of Upson
All deposit accounts, excluding certain brokered deposits, were transferred to Bank of Upson, Thomaston, GA ("assuming institution"). Former Century Security Bank locations reopened as branches of Bank of Upson.
Your transferred deposits were separately insured from any accounts you may have already had at Bank of Upson for at least six months after the failure of Century Security Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Bank of Upson as long as the deposits are not pledged as collateral for loans.
Contacting Bank of Upson
On February 28, 2014, Bank of Upson merged with Southcrest Bank, National Association.
You can contact Southcrest Bank, National Association:
Southcrest Bank, National Association
1475 West Peachtree Street, Ne, Suite 200
Atlanta, GA 30309
Southcrest Bank, National Association (www.southcrestbank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank