FDIC transfers Community Bank and Trust deposits to Anchor Bank
Failed-bank deposit access moves to Anchor Bank while uninsured balances await FDIC review
FDIC
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Change
On 1 May 2026, the FDIC transferred substantially all insured deposits and certain assets of Community Bank and Trust - West Georgia to Anchor Bank after the Georgia Department of Banking and Finance closed the bank and appointed the FDIC as receiver.
Why it matters
Insured depositors now access their balances through Anchor Bank, while former Community Bank and Trust - West Georgia branches are scheduled to reopen as Anchor Bank branches on 4 May 2026. Customers with balances above the $250,000 insurance limit must resolve uninsured amounts through the FDIC receivership process. Any later payments to uninsured depositors depend on recoveries from the failed bank’s retained assets.
Implications
- — Anchor Bank branch operations teams must reopen the three former Community Bank and Trust - West Georgia branches as Anchor Bank branches on 4 May 2026 — failure will block the announced continuity of in-person deposit access.
- — Anchor Bank deposit-processing and payments teams must support assumed insured balances, checks, ATM access and debit-card transactions from 1 May 2026 — failure will cause customer-access and payment-processing disruption after the receivership transfer.
- — Community Bank and Trust - West Georgia depositors with balances above $250,000 must contact the FDIC to discuss uninsured deposits — failure to engage the receivership process may delay resolution of any uninsured recovery or advanced-dividend payment.
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