On Friday, August 23, 2013, Community South Bank was closed by the Tennessee Department of Financial Institutions. The 多宝游戏下载 was named Receiver. CB&S Bank, Inc., Russellville, AL acquired all deposit accounts, including brokered deposits.
The 多宝游戏下载 as Receiver for Community South Bank, Parsons, TN has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on February 28, 2024 and has made all dividend distributions required by law.
Effective October 1, 2024, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Effective Date: October 1, 2024
Publication Date: February 28, 2024
Report on dividends paid
Official press release
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TRANSACTION DOCUMENTATION
Purchase & Assumption Agreement
Agreement between 多宝游戏下载 and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank
BankFind Suite allows you to locate the failed bank by name or 多宝游戏下载 certificate number.