Failed Bank Information for Patriot Bank of Georgia, Cumming, GA
On Friday, September 2, 2011, Patriot Bank of Georgia was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Georgia Commerce Bank, Atlanta, GA acquired all deposit accounts.
The FDIC as Receiver for Patriot Bank of Georgia, Cumming, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 8, 2017 and has made all dividend distributions required by law.
Effective June 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: June 1, 2017
Publication Date: March 8, 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: GEORGIA COMMERCE BANK
About Georgia Commerce Bank
All deposit accounts, including brokered deposits, were transferred to Georgia Commerce Bank, Atlanta, GA ("assuming institution"). Former Patriot Bank of Georgia locations reopened as branches of Georgia Commerce Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Georgia Commerce Bank for at least six months after the failure of Patriot Bank of Georgia.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Georgia Commerce Bank as long as the deposits are not pledged as collateral for loans.
Contacting Georgia Commerce Bank
On June 1, 2015, Georgia Commerce Bank merged with Iberiabank.
You can contact Iberiabank:
200 West Congress Street
Lafayette, LA 70501
Purchase & Assumption Agreement - PDF (11Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank