STOCKBRIDGE, Ga. (WXIA) -- State officials seized the First State Bank in Stockbridge Friday.
Deposit accounts from the bank were transferred to Hamilton State Bank in Hoschton, Ga.
The locations of First State Bank will reopen during their normal business hours as branches of Hamilton State Bank. Federal regulators said they have insured all deposits from First State Bank.
They went on to say that any checks drawn on First State Bank will be processed as usual and paid against customers' outstanding balances as if no change had occurred. Hamilton State Bank will be contacting First State Bank customers soon regarding any potential changes in their account status.