Failed Bank Report: Claim FDIC Insured Accounts at Failed Banks

Enterprise Banking Company - McDonough, GA

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Unclaimed  bank account search - GA Enterprise Banking Company

January 21, 2011: Enterprise Banking Company, McDonough, GA was closed by the Georgia Department of Banking and Finance. The Federal Deposit Insurance Corporation was named receiver.

Successor Bank:

Deposit Insurance National Bank of McDonough
2097 Highway 20 W
McDonough, GA 30253

To protect the insured depositors, the FDIC created DINB OF McDonough, a new depository institution chartered by the OTS and insured by the FDIC to take over the operations of Enterprise Banking Company. The new institution will remain open until Friday, January 28, 2011, to allow depositors access to their insured funds and time to move accounts to other insured institutions. The bank will be open for a LIMITED period providing LIMITED services. If you do not transfer your funds by January 28, 2011; the FDIC will close your accounts and mail you a check for the remaining funds.

History:

Established in 1925 as Dorsey Banking Company
Changed name to Dorsey State Bank
Changed name to Enterprise Banking Company

Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage.

It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account.

For assistance tracing and reclaiming a lost bank account or safe deposit box go to: Unclaimed Money Search

 

 

 

2010 FDIC Insured Failed Banks
 
 
 
 
Enterprise Banking Company
2097 Highway 20 W
McDonough, GA 30253

 
 

Established
as
Dorsey Banking Company
 

 
 
 
 
Cost to FDIC: $40 million

 

 


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