FDIC Updates List of Troubled Banks Now Under Its Wing
Published Date: 5/7/2026
Notice
Summary
The FDIC just updated its list of banks it’s taking over because they closed, including Community Bank and Trust in Georgia as of May 1, 2026. If you had money or business with these banks, the FDIC is now in charge to handle things smoothly. This update helps everyone know which banks are in receivership and what’s next for customers and creditors.
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Analyzed Economic Effects
1 provisions identified: 0 benefits, 0 costs, 1 mixed.
FDIC Appointed Receiver for Failed Bank
If you had money or business with Community Bank and Trust (FDIC ref. No. 10551) in LaGrange, Georgia, the Federal Deposit Insurance Corporation was appointed sole receiver as of 05/01/2026. The FDIC is handling the institution’s liquidation; for more information visit https://www.fdic.gov/bank/individual/failed/banklist.html or contact the Chief, Receivership Oversight at [email protected] or Division of Resolutions and Receiverships, 600 North Pearl Street, Suite 700, Dallas, TX 75201.
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