On Friday, March 19, 2010, Bank of Hiawassee was closed by the Georgia Department of Banking and Finance. The FDIC was named Receiver. Citizens South Bank, Gastonia, NC acquired all deposit accounts, excluding certain brokered deposits.
The FDIC as Receiver for Bank of Hiawassee, Hiawassee, 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 30, 2022 and has made all dividend distributions required by law.
Effective September 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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: CITIZENS SOUTH BANK
About Citizens South Bank
All deposit accounts, excluding certain brokered deposits, were transferred to Citizens South Bank, Gastonia, NC ("assuming institution"). Former Bank of Hiawassee locations reopened as branches of Citizens South Bank.
Your transferred deposits were separately insured from any accounts you may have already had at Citizens South Bank for at least six months after the failure of Bank of Hiawassee.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with Citizens South Bank as long as the deposits are not pledged as collateral for loans.
Contacting Citizens South Bank
On 10/10/2012, Citizens South Bank merged with SouthState Bank, National Association.
You can contact SouthState Bank, National Association:
SouthState Bank, National Association
1101 1st St S
Winter Haven, FL 33880
SouthState Bank, National Association (www.southstatebank.com)
Transaction Documentation
Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank