Security Bank of North Metro, Woodstock, GA

Security Bank of North Metro, Woodstock, GA, was one of seven banks shuttered by the FDIC tonight.  the bank was one of six subsidiaries of  Macon, Ga.-based Security Bank Corp (NASDAQ: SBKC) to be closed tonight by the agency.

The six bank subsidiaries of Security Bank Corporation, Macon, Georgia, were closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Pinehurst, Georgia, to assume all of the deposits of the six bank subsidiaries of Security Bank Corporation.

For more information, visit the official FDIC web page for Security Bank of North Metro.

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