Georgia's Haven Trust Bank Forced to Shut Down
Fox
Fri December 12, 2008
ATLANTA - The Georgia Department of Banking and Finance announced Friday that it will shut down Haven Trust Bank.
This is the fifth bank in the state to close this year and the 24th nationally.
The FDIC was named receiver Friday and entered into an agreement with BB & T to assume Haven Trust's $515 million in deposits for $112,000.
Haven Trust's four branches will reopen Monday as branches of BB&T and its depositors will automatically become depositors of BB&T.
The FDIC said users can access all their money over the weekend by writing checks or using ATMs or debit cards.
As of Dec. 8, Haven Trust had assets of $572 million, and about $55 million will be purchased by BB&T.
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