Georgia Commerce Bank Assumes the Deposits and Purchases substantially all the Assets of CreekSide Bank and Patriot Bank of Georgia
Atlanta, GA – September 2, 2011 – Georgia Commerce Bank announced today that it has entered into Purchase and Assumption Agreements with loss-share arrangements with the Federal Deposit Insurance Corporation (“FDIC”) to assume the deposits and certain assets of two Georgia banks, CreekSide Bank and Patriot Bank of Georgia. CreekSide Bank is headquartered in Woodstock, Georgia in Cherokee County with a branch in Acworth, Georgia in Cobb County. Patriot Bank is headquartered in Cumming, Georgia in Forsyth County. “The acquisition of these two established community banks allows Georgia