Anchor Bank of Palm Beach Gardens, Florida, has agreed to assume all insured deposits and acquire assets of Community Bank and Trust – West Georgia, which was closed by the Georgia Department of Banking and Finance. The three branches of Community Bank and Trust – West Georgia will reopen as Anchor Bank branches on Monday, May 4, 2026, and depositors will automatically become Anchor Bank customers. Deposits assumed will remain FDIC‑insured, so customers do not need to change banking relationships. Clients can access insured deposits via checks, ATMs or debit cards; loan payments should continue as usual. As of December 31, 2025, the failed bank had $288 million in assets and $268 million in deposits, with about $27 million exceeding FDIC limits. The FDIC estimates the failure will cost its Deposit Insurance Fund roughly $97 million, a figure that may change. Customers with balances over $250,000 can contact the FDIC line for help.
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