From 11alive.com:

Villa Rica-based Community Bank of West Georgia was seized by state regulators late Friday, the 13th Georgia bank failure since August 2008.

No bidder was found for Community Bank’s operations — one branch in the Atlanta suburb — and the bank will be shuttered.

The Federal Deposit Insurance Corp. will mail depositors checks for their insured funds next week, according to a released from the Georgia Department of Banking and Finance. Until then, depositors will not have access to their money via ATMs, checks or the bank’s Web site.

As of first quarter 2009, the bank had $182.5 million in total deposits. The FDIC estimates $1.1 million in customer deposits are uninsured. Currently the FDIC guarantees up to $250,000 in deposits per account.

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