Failed Bank Information for First Lowndes Bank, Fort Deposit, AL
On March 19, 2010, First Lowndes Bank was closed by the Alabama Banking Department. The FDIC was named Receiver. First Citizens Bank, Luverne, AL acquired all deposit accounts.
The FDIC as Receiver for First Lowndes Bank, Fort Deposit, AL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 5, 2018 and has made all dividend distributions required by law.
Effective September 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Notice of Termination (www.federalregister.gov)
Effective Date: September 1, 2018
Notice of Intent to Terminate (www.federalregister.gov)
Publication Date: June 5, 2018
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: FIRST CITIZENS BANK, LUVERNE, AL
About First Citizens Bank
All deposit accounts have been transferred to First Citizens Bank, Luverne, AL ("assuming institution"). Former First Lowndes Bank locations reopened as branches of First Citizens Bank.
Your transferred deposits were separately insured from any accounts you may have already had at First Citizens Bank for at least six months after the failure of First Lowndes Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First Citizens Bank as long as the deposits are not pledged as collateral for loans.
Contacting First Citizens Bank
You can contact First Citizens Bank:
First Citizens Bank
100 West Third Street
Luverne, AL 36049
First Citizens Bank (www.fcbl.com)
Purchase & Assumption Agreement - PDF (593Kb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank