Community Bank and Trust - West Georgia Fails, Anchor Bank Assumes $296.4M in Deposits
Community Bank and Trust - West Georgia, a LaGrange, Georgia institution holding FDIC charter #25796, failed on May 1, 2026 with roughly $305.7M in assets and $296.4M in deposits. The FDIC was named receiver, and Anchor Bank of Palm Beach Gardens, Florida assumed the failed bank's insured deposits.
Community Bank and Trust - West Georgia, a LaGrange, Georgia bank, failed on May 1, 2026, and the FDIC was named receiver. The FDIC's failure record names Anchor Bank of Palm Beach Gardens, Florida as the acquiring institution that assumed the failed bank's deposits.
The failed institution reported approximately $305.7 million in assets and $296.4 million in total deposits as of its last call report before failure. The bank's deposits were insured through the FDIC's Deposit Insurance Fund. Community Bank and Trust - West Georgia held FDIC charter number 25796.
| Institution | Community Bank and Trust - West Georgia |
| Location | LaGrange, GA |
| Charter | FDIC #25796 |
| Failure Date | May 1, 2026 |
| Acquiring Institution | Anchor Bank (Palm Beach Gardens, FL) |
| Total Assets | $305.7 million |
| Total Deposits | $296.4 million |
| Receiver | FDIC |
This article was researched and written with AI assistance, using court filings, public records, and news sources. AI-generated content can contain errors. Verify all information against primary sources before relying on it. This is not legal or financial advice. Read our full disclaimer.
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