Failed Bank List: Claim an FDIC Insured Account or CD at a Failed Bank

The Park Avenue Bank - Valdosta, GA

GA search for unclaimed money. Find a missing CD or lost bank account

Georgia search for unclaimed funds. Find a missing CD or unclaimed bank account

Unclaimed bank account, lost safe deposit box and missing CD search - State of Georgia

April 29, 2011: The Park Avenue Bank, Valdosta, GA was closed by the Georgia Department of Banking and Finance. The Federal Deposit Insurance Corporation was named receiver.

Successor Bank: All deposit accounts, excluding the Cede & Co. deposits, have been transferred to Bank of the Ozarks, Little Rock, AR

Bank of the Ozarks
17901 Chenal Parkway
Little Rock, AR 72223

History:

Est. in 1956 as The Park Avenue Bank
Acquired Friendship Community Bank - Ocala, Florida
Acquired Farmers And Merchants Bank - Adel, Georgia.
Acquired Eagle Bank And Trust -  Statesboro, Georgia.
Acquired Baxley Federal Bank - Baxley, Georgia.
Acquired First Community Bank Of Southwest Georgia - Bainbridge, Georgia.

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, certificate of deposit (CD) or safe deposit box go to: Unclaimed Accounts and Missing Monies Search

 

 

 

2011 FDIC Insured Failed Banks
 
 
 
 
The Park Avenue Bank
3102 North Oak Street Extension
Valdosta, GA 31602

 
 

Established
as
The Park Avenue Bank
 

 
 
 
 
Cost to FDIC: $ 306 million

 

 
 

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