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Failed Bank Information for Satilla Community Bank, Saint Marys, GA

On May 14, 2010, Satilla Community Bank was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Ameris Bank, Moultrie, GA acquired all deposit accounts.

The FDIC as Receiver for Satilla Community Bank, Saint Marys, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 03, 2020 and has made all dividend distributions required by law.

Effective November 5, 2020, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: November 05, 2020


Notice of Intent to Terminate

Publication Date: February 03, 2020

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware 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.

caution

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: AMERIS BANK

About Ameris Bank

All deposit accounts, excluding certain brokered deposits, were transferred to Ameris Bank, Moultrie, GA ("assuming institution"). Former Satilla Community Bank locations reopened as branches of Ameris Bank.

Your transferred deposits were separately insured from any accounts you may have already had at Ameris Bank for at least six months after the failure of Satilla 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 Ameris Bank as long as the deposits are not pledged as collateral for loans.

Contacting Ameris Bank

You can contact Ameris Bank:

Ameris Bank
3490 Piedmont Rd
Atlanta, GA 30305

Ameris Bank (www.amerisbank.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (1.46Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank