On February 24, 2012, Central Bank of Georgia 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 Central Bank of Georgia, Ellaville, GA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on December 10, 2020 and has made all dividend distributions required by law.
Effective May 1, 2021, 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
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ACQUIRING INSTITUTION: AMERIS BANK
About Ameris Bank
All deposit accounts, including brokered deposits, were transferred to Ameris Bank, Moultrie, GA ("assuming institution"). Former Central Bank of Georgia 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 Central Bank of Georgia.
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, NE
Atlanta, GA 30305
Ameris Bank (www.amerisbank.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (6Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank