Two metro-Atlanta banks closed on Friday and will reopen this weekend under new ownership, according to federal regulators.
Decatur First Bank in Decatur and Community Capitol Bank of Jonesboro became the latest in a string of bank closings in Georgia since the beginning of the year. They are the 21st and 22nd banks, respectively, to close in the state so far.
Decatur First was acquired by Fidelity Bank of Atlanta, and Decatur First’s five branches will reopen Saturday as branches of Fidelity. Terms of the deal were not disclosed
Decatur First had about $191.5 million in total assets and $179.2 million in total deposits as of June 30. The FDIC, which insures deposits, said closing Decatur First will cost the insurer $32.6 million.
Community Capital was acquired by State Bank and Trust Co. of Macon. Terms of that deal also were not disclosed.
Community Capital’s two branches will reopen Saturday as State Bank branches. As of June 30, Community Capital had about $181.2 million in assets and $166.2 million in deposits. Closing the bank will cost the FDIC about $62 million.
Last week, State Bank took over Piedmont Community Bank in Gray.
Customers with questions about Decatur First’s closing should call the FDIC toll-free at 1-800-430-7974. Those with questions about Community Capital’s closing should call 1-800-357-7599.
The FDIC said 83 banks have closed nationally so far this year.