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Bank Failures

Failed Bank Information for Capitol City Bank & Trust Company, Atlanta, GA

On February 13, 2015, Capitol City Bank & Trust Company was closed by the Georgia Department of Banking & Finance. The FDIC was named Receiver. First-Citizens Bank & Trust Company, Raleigh, NC acquired all deposit accounts.

The FDIC as Receiver for Capitol City Bank & Trust Company, Atlanta, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 27, 2019 and has made all dividend distributions required by law.

Effective February 01, 2020, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status: TERMINATED

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Notice of Termination

Effective Date: February 1, 2020
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Notice of Intent to Terminate

Publication Date: September 27, 2019
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Dividend Information

Report on dividends paid
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Press Release

Official press release

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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: FIRST-CITIZENS BANK & TRUST COMPANY

About First-Citizens Bank & Trust Company

All deposit accounts, including brokered deposits, were transferred to First-Citizens Bank & Trust Company, Raleigh, NC ("assuming institution"). Former Capitol City Bank & Trust Company locations reopened as branches of First-Citizens Bank & Trust Company.

Your transferred deposits were separately insured from any accounts you may have already had at First-Citizens Bank & Trust Company for at least six months after the failure of Capitol City Bank & Trust Company.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First-Citizens Bank & Trust Company as long as the deposits are not pledged as collateral for loans.

Contacting First-Citizens Bank & Trust Company

You can contact First-Citizens Bank & Trust Company:

First-Citizens Bank & Trust Company
239 Fayetteville St
Raleigh, NC 27601

First-Citizens Bank & Trust Company (www.firstcitizens.com)

Transaction Documentation

Purchase & Assumption Agreement
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

Last Updated: May 14, 2024