FDIC Shuts Down Atlantic Southern Bank

Federal regulators are taking over Macon based Atlantic Southern Bank today. According to a news release from the FDIC, insured deposits and assests are being transferred to the CertusBank based in Easley, South Carolina. 

F.D.I.C. spokesperson, Eric Raines, says Atlantic Southern Bank customers, do not have to worry about the change.

“(There are) some formal things we have to do to transition to the new ownership, but for the most part, customers will not notice anything,” Raines explains.

Atlantic Southern Bank was a lender of commercial real estate, and lost too much money when companies and people could not afford to pay their loans. Raines says, the F.D.I.C. took over to help the bank and its customers through the transition period.

Senior Executive Vice President of CertusBank, Angela Webb says, their bank has money to lend.

“Customers can know that we will grow, their deposits are safe with us,” Webb says. “We invite them to come talk with us about their accounts, because we are going to make sure that they know that they’re safe.”

Webb says people who had accounts with Atlantic Southern Bank, will still be able to write checks, use their A.T.M. cards, and keep the same account numbers with the change.

If you have any questions about the new bank, you can go to the F.D.I.C. website, by clicking here. Or you can call 1-800-823-4939.