Rockbridge Commercial Bank of Georgia fails, is closed by FDIC. Depositors must claim their FDIC insured funds

	December 18, 2009: RockBridge Commercial Bank, Atlanta, GA was closed by the Georgia Department of Banking and Finance. The Federal Deposit Insurance Corporation was named receiver. An assuming institution could not be located. The FDIC will mail checks to insured depositors for their insured amounts. Assets & Deposits: As of September 30, 2009, RockBridge Commercial Bank had approximately $294.0 million in total assets and $291.7 million in total deposits. Successor Bank: On Friday, December 18, 2009, all accounts have been closed and you will receive a check up to your insured amount and a final statement from the FDIC. Brokered deposits will be wired once brokers provide the FDIC with the necessary documents to determine if any of their clients exceed the insurance limits. Customers who placed money with brokers should contact them directly for more information about the status of their funds. You will no longer have access to the website and online services. FDIC Insurance: Principal and interest on insured accounts, through Friday, December 18, 2009, are fully insured by the FDIC up to the insurance limit of $250,000. At the time of closing, the bank had an estimated $2.1 million in uninsured funds. If it is determined that you have uninsured funds, the FDIC will generate and issue a Receiver Certificate. If you think you might have uninsured deposits, you should call the FDIC Call Center to arrange for a telephone interview with a Claims Agent at 1-800-405-1604. Interest: All interest accrued will be paid through Friday, December 18, 2009. Checks, Loans, Interest and Automated Transactions: Checks will be processed as usual. Automatic direct deposits and withdrawals will be transferred to your new bank. If you had a loan with RockBridge Commercial Bank, you should continue to make your payments as usual. Cost to FDIC: The FDIC estimates the cost of the failure to its Deposit Insurance Fund to be approximately $124.2 million. Note: ► Depositors must establish contact with the successor bank or the FDIC, when there is no successor, to reclaim their deposits. Failure to do so could ultimately result in a loss of insured funds. ► The interest rate paid by your former bank is subject to immediate change. ► Transferred deposits are separately insured for only 6 months after the date of transfer. ► Beneficial owners of fiduciary accounts (including UTMA, IOLTA and brokered CDs) should contact their brokers immediately to ensure proper claims procedures are followed. ► Safe deposit boxes should be promptly claimed.
2009 FDIC Insured Failed Banks




RockBridge Commercial Bank 5607 Glenridge Drive, Suite 100 Atlanta,G A 30342
Established on 11/13/2006 as Rockbridge Commercial Bank
Assets: $294 million
Deposits: $292 million


Cost to FDIC: $124 million

History: 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.

11/13/2006 - Established as Rockbridge Commercial Bank

Depositor Alert

Unclaimed FDIC Insured Deposits

There are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes.

Be advised that not every depositor with funds 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.

Beneficial owners of fiduciary accounts, including Uniform Transfers To Minors accounts, escrow accounts, Interest on Lawyer Trust Accounts (IOLTA), and deposit accounts obtained through a broker (Brokered Accounts) will not be contacted by the FDIC.

This is because these accounts are on the failed bank's records in the name of the fiduciary, not the individual owner. The FDIC does not have access to ownership information, and therefore will not contact individual depositors. It is the responsibility of the broker or other fiduciary to initiate a claim.

In addition, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage, after a period of time. If an individual already has accounts at a successor institution, perhaps unknowingly in the case of brokered deposits, the insurance limit may be exceeded and funds could be lost in a subsequent receivership.

Finally, in the worst case scenario, 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.

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 Account Search

Depositor Claims: For additional information and assistance on the RockBridge Commercial Bank receivership contact the FDIC at: 1-800-405-1604 or go to: http://www.fdic.gov/bank/individual/failed/rockbridge.html

Creditor Claims: Claims against failed financial institutions occur when bills sent to the institution remain unpaid at the time of failure. Shortly after the failure, the FDIC sends notices directly to all known service providers to explain the claim filing process. If you provided a service for RockBridge Commercial Bank and have not received a notice, please contact:

Federal Deposit Insurance Corporation
Receiver: RockBridge Commercial Bank
1601 Bryan Street
Dallas, TX 75201
Attention: Claim Agent
1-800-568-9161