From the Atlanta Business Chronicle, “Duluth-based Haven Trust Bank was seized by state and federal bank regulators late Friday, as the fifth failure in Georgia this year and the second in as many weeks. Winston-Salem, N.C.-based BB&T Corp. (NYSE: BBT) will assume all deposits from Haven Trust, which had total assets of $572 million and total deposits of $515 million as of Dec. 8. The deal bolsters the local deposit base of BB&T, the fourth largest bank in metro Atlanta.”
Here is the FDIC Notice. This makes it the fifth Georgia bank seized by regulators.