ATLANTA - Two banks in Metro Atlanta were taken over by federal regulators Friday, marking the 15th and 16th institutions to fail in Georgia this year.
One Georgia Bank, based in Midtown Atlanta, and Stockbridge-based High Trust Bank were both closed Friday afternoon by federal regulators.
The FDIC says Ameris Bank of Moultrie, GA has acquired both banks, which will open for their normal hours Saturday morning as branches of Ameris Bank. Depositors of both failed institutions will automatically become depositors of Ameris Bank. Deposits have been and will continue to be insured by the FDIC.
High Trust Bank had two branches, one at 280 Country Club Drive in Stockbridge, the other at 135 N. Park Place in Stockbridge. One Georgia Bank was located at 1180 Peachtree Street in Midtown.