Failed Bank Information for Security Exchange Bank, Marietta, GA
On Friday, June 15, 2012, Security Exchange Bank was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Fidelity Bank, Atlanta, GA acquired all deposit accounts.
The FDIC as Receiver for Security Exchange Bank, Marietta, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on July 30, 2018 and has made all dividend distributions required by law.
Effective November 1, 2018, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Effective Date: November 1, 2018
Publication Date: July 30, 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: FIDELITY BANK
About Fidelity Bank
All deposit accounts, including brokered deposits, were transferred to Fidelity Bank, Atlanta, GA ("assuming institution"). Former Security Exchange Bank locations reopened as branches of Fidelity Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Fidelity Bank for at least six months after the failure of Security Exchange Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Fidelity Bank as long as the deposits are not pledged as collateral for loans.
Contacting Fidelity Bank
You can contact Fidelity Bank:
3490 Piedmont Road Ne
Fidelity Bank (www.lionbank.com)
Purchase & Assumption Agreement - PDF (7Mb)
Agreement between FDIC and acquiring institution
Report on the bids to purchase the failed bank