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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: patron_anejo_por_favor who wrote (212394)	7/24/2009 6:13:57 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 306849

BFF #2 to #7 - Georgia strikes back! Security Bank of Jones County Gray GA 8486 July 24, 2009 July 24, 2009 Security Bank of Houston County Perry GA 27048 July 24, 2009 July 24, 2009 Security Bank of Bibb County Macon GA 27367 July 24, 2009 July 24, 2009 Security Bank of North Metro Woodstock GA 57105 July 24, 2009 July 24, 2009 Security Bank of North Fulton Alpharetta GA 57430 July 24, 2009 July 24, 2009 Security Bank of Gwinnett County Suwanee GA 57346 July 24, 2009 July 24, 2009 ------------------------------------------------------------ The six bank subsidiaries of Security Bank Corporation, Macon, Georgia, were closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with State Bank and Trust Company, Pinehurst, Georgia, to assume all of the deposits of the six bank subsidiaries of Security Bank Corporation. The six banks involved in today's transaction are: Security Bank of Bibb County, Macon, GA, with $1.2 billion in total assets and $1 billion in deposits; Security Bank of Houston County, Perry, GA, with $383 million in assets and $320 million in deposits; Security Bank of Jones County, Gray, GA, with $453 million in assets and $387 million in deposits; Security Bank of Gwinnett County, Suwanee, GA, with $322 million in assets and $292 million in deposits; Security Bank of North Metro, Woodstock, GA, with $224 million in assets and $212 million in deposits; and Security Bank of North Fulton, Alpharetta, GA, with $209 million in assets and $191 million in deposits. Security Bank Corp. (SBKC) Security Bank Corp. 4219 Forsyth Road Macon, GA 31210 United States - Map Phone: 478-722-6200 Fax: 478-722-6229 Web Site: securitybank.net