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Bank Officials Huddle in Vidalia
Friday, 12 November 2010

November 12--  Officials from the Federal Deposit Insurance Corportion (FDIC), Ameris Bank from Moultrie and Darby Bank and Trust met at Darby's headquarters in Vidalia Friday to announce the closing of Vidalia's oldest and largest bank.

Eric Raines is the Senior Ombudsman with the FDIC, "The bank was closed today by the Georgia Department of Banking and Finance.  The FDIC was appointed receiver and entered into a purchase and assumption agreement with Ameris Bank of Moultrie to assume all of the deposits and assets of Darby Bank," he said.

Raines says Darby customers are protected, "No depositor will lose a single penny of FDIC-insured funds.  All deposits have been transferred over to the Moultrie bank and it will be business as usual and the branches will open as they have in the past," he noted.

Ameris Bank vice-president and Chief Financial Officer Dennis Zember says the 40-year-old bank has the same community bank heritage as Darby.  "We stress community bank.  What that means to us is that we fill our balance sheets up with customer relationships," Zember says.

According to Zember, customers will see familiar faces when they go to Vidalia's newest bank, "Come Monday morning, the Darby customers will come to the bank and see the personal bankers they've been seeing for all these years.  It will be business as usual," he says.

Ameris Bank has acquired six failing banks since October, 2009 at locations in Lawrenceville, Sparta, St. Mary's, Jacksonville, Tifton and Vidalia.  The company now has 22 branches located from Charleston to Jacksonville.

Hear FDIC's Eric Raines Here

Hear Dennis Zember of Ameris Bank Here

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