Posted by Jennings Strouss & Salmon on Jul 20, 2012
First Cherokee State Bank, Woodstock, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Atlanta, Georgia, to assume all of the deposits of First Cherokee State Bank.
The three branches of First Cherokee State Bank will reopen during normal business hours as branches of...
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Posted by Jennings Strouss & Salmon on Jul 20, 2012
The Royal Palm Bank of Florida, Naples, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with First National Bank of the Gulf Coast, Naples, Florida, to assume all of the deposits of The Royal Palm Bank of Florida.
The three branches of The Royal Palm Bank of Florida will reopen on Monday as branches of First...
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Posted by Jennings Strouss & Salmon on Jul 13, 2012
Glasgow Savings Bank, Glasgow, Missouri, was closed today by the Missouri Division of Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Regional Missouri Bank, Marceline, Missouri, to assume all of the deposits of Glasgow Savings Bank.
The sole branch of Glasgow Savings Bank will reopen on Saturday as a branch of Regional Missouri Bank. Depositors of Glasgow Savings...
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Posted by Jennings Strouss & Salmon on Jul 6, 2012
Montgomery Bank & Trust, Ailey, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Ameris Bank, Moultrie, Georgia, to assume all of the deposits of Montgomery Bank & Trust.
The two branches of Montgomery Bank & Trust will reopen on Monday as branches of Ameris Bank. Depositors of Montgomery...
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Posted by Jennings Strouss & Salmon on Jun 15, 2012
The Farmers Bank of Lynchburg, Lynchburg, Tennessee, was closed today by the Tennessee Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Clayton Bank and Trust, Knoxville, Tennessee, to assume all of the deposits of The Farmers Bank of Lynchburg.
The four branches of The Farmers Bank of Lynchburg will reopen during their normal business...
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Posted by Jennings Strouss & Salmon on Jun 15, 2012
Security Exchange Bank, Marietta, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Fidelity Bank, Atlanta, Georgia, to assume all of the deposits of Security Exchange Bank.
The two branches of Security Exchange Bank will reopen on Monday as branches of Fidelity Bank. Depositors of Security Exchange Bank...
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Posted by Jennings Strouss & Salmon on Jun 15, 2012
Putnam State Bank, Palatka, Florida, was closed today by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Harbor Community Bank, Indiantown, Florida, to assume all of the deposits of Putnam State Bank.
The three branches of Putnam State Bank will reopen during their normal business hours beginning Saturday as branches of Harbor...
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