United Bank, Zebulon, Georgia, Assumes All of the Deposits of The Woodbury Banking Company, Woodbury, Georgia — 2016-08-19

The Woodbury Banking Company, Woodbury, Georgia, was 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 United Bank, Zebulon, Georgia, to assume all of the deposits of The Woodbury Banking Company. The sole branch of The Woodbury Banking Company will reopen as a branch of United Bank during its normal business hours. Depositors of The Woodbury Banking Company will automatically become depositors of United Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits.