Ga. State Officials Close Columbus Bank Branches

By: Associated Press Email
By: Associated Press Email

Associated Press Release

VALDOSTA, Ga. (AP) -- The Georgia Department of Banking and Finance has shut down a Valdosta-based bank and transferred its assets to another one in based in Columbus.

Officials Friday said Sunrise Bank's three branches have been closed and will reopen Saturday as Synovus Bank branches. LaJuan Williams-Young, department spokesman, says customer accounts will automatically be transferred to Synovus Bank and customers are not expected to experience any disruptions in service.

Synovus has agreed to purchase about $13.2 million of the bank's failed assets.

Officials say deposits by Sunrise Bank customers will continue being insured by the Federal Deposit Insurance Corp.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WCTV 1801 Halstead Blvd. Tallahassee, FL 32309
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 207052601 - wctv.tv/a?a=207052601
Gray Television, Inc.