Security Bank Corp., Based in Macon, Georgia, Is Shut Down By Regulators
Security Bank Corp. was shut down yesterday by the Georgia Department of Banking and Finance, and the FDIC. Pinehurst-based State Bank and Trust Co. will assume all of the deposits of Security Bank’s six subsidaries and will acquire $2.4 billion of the banks’ assets.
The subsidiary banks are:
Click here for more information from Joe Rauch of the Atlanta Business Chronicle.
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