Failed Bank Report: Claim FDIC Insured Accounts at Failed Banks

Woodlands Bank, Bluffton, SC

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Unclaimed  bank account search -Woodlands Bank SC

July 16, 2010: Woodlands Bank, Bluffton, SC was closed by the Office of Thrift Supervision (OTS), and the Federal Deposit Insurance Corporation was named Receiver.

Successor Bank: All deposit accounts, excluding certain brokered deposits, have been transferred to Bank of the Ozarks, Little Rock, Arkansas.

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

History:

Established as Gulf Federal Bank, FSB
Acquired Gulf Federal Savings And Loan Association of Mobile, Alabama
Changed name to Woodlands Bank

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 Funds Search

 

 

 

2010 FDIC Insured Failed Banks
 
 
 
 
Woodlands Bank
27 Towne Drive
Bluffton, SC 29910

 
 

Established
as
Gulf Federal Bank, FSB
 

 
 
 
 
Cost to FDIC: $115 million

 

 
 

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