4 Banks closed on July 15: One Georgia Bank, Atlanta, Ga., acquired the banking operations, including all the deposits. The FDIC entered into purchase and assumption agreements with Ameris Bank to protect depositors. The bank was closed by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver. In addition to assuming all of the deposits of the failed bank, Premier American Bank agreed to purchase essentially all the assets of First Peoples Bank, Miami, Fla., to assume all of their deposits.”]
Source: https://www.cuinfosecurity.com/4-banks-closed-on-july-15-a-3862