Authorities Abruptly Shut Down Georgia Lender in Second Bank Failure of 2026

Regulators have abruptly shuttered the doors of a Georgia-based bank in the second bank failure of the year.

The Federal Deposit Insurance Corporation (FDIC) says the Georgia Department of Banking and Finance has closed the Community Bank and Trust – West Georgia of LaGrange.

The FDIC says it has been appointed as the receiver and has entered into an agreement with Anchor Bank of Palm Beach Gardens, which will assume all insured deposits while acquiring certain assets of the bank.

“The three branches of Community Bank and Trust – West Georgia will reopen as branches of Anchor Bank during its normal business hours on Monday, May 4, 2026. Depositors of Community Bank and Trust – West Georgia will automatically become depositors of Anchor Bank. The deposits assumed by Anchor Bank will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship.”