Freedom Bank of Georgia, based in Commerce, became the seventh Georgia bank failure in the last seven months.   Its deposit accounts have been transferred to Northeast Georgia Bank. 

From the FDIC Notice:

On March 6, 2009, Freedom Bank of Georgia, Commerce, GA was closed by the Georgia Department of Banking and Finance. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

All deposit accounts have been transferred to Northeast Georgia Bank, Lavonia, GA. For more information on Northeast Georgia Bank, visit us at www.northeastgabank.com.

The FDIC has assembled useful information regarding your relationship with Freedom Bank of Georgia. Besides a checking account, you may have Certificates of Deposit, a business checking account, a Social Security direct deposit, and other relationships with the institution.

Please select the link below to read more about this event:

FDIC Bank Closing Information for Freedom Bank of Georgia

Online service will remain available.

Continue to Freedom Bank of Georgia’s online banking login