4 Banks closed on May 14: Satilla Community Bank, Saint Marys, Georgia, was closed by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. New Liberty Bank, Plymouth, Michigan, will reopen as a branch of Bank of Ann Arbor, Ann Arbor. Southwest Community Bank in Springfield, Missouri, was to reopen on Saturday as branch of Simmons First National Bank, Pine Bluff, Arkansas, will assume all of the deposits of Southwest Community Bank.”]
Source: https://www.cuinfosecurity.com/4-banks-closed-on-may-14-a-2533