Community Bank and Trust Closure: FDIC Estimates $97 Million Cost

Georgia regulators have shut down Community Bank and Trust – West Georgia, with the Federal Deposit Insurance Corporation (FDIC) estimating the failure could cost the Deposit Insurance Fund approximately $97 million. According to NS3.AI, Anchor Bank has agreed to take over all insured deposits and acquire certain assets from the failed bank. The three branches affected by the closure are set to reopen as Anchor Bank branches on Monday, May 4, 2026.