Main Street Monday: Community Bank & Trust Closed by Georgia State Regulators — Nation’s 26th Largest SBA 7(a) Lender Shuttered Friday
May 4, 2026
Bob Coleman
Founder & Publisher
Main Street Monday: Community Bank & Trust Closed by Georgia State Regulators — Nation’s 26th Largest SBA 7(a) Lender Shuttered Friday
The FDIC is appointed the receiver after the Friday, May 1, 2026, closing.
Anchor Bank of Palm Beach Gardens, Florida, will assume all insured deposits and acquire “certain” assets of Community Bank and Trust – West Georgia.
The three branches of Community Bank and Trust – West Georgia will reopen today as branches of Anchor Bank.
As of December 31, 2025, Community Bank and Trust – West Georgia reported total assets of $288 million and total deposits of $268 million. Approximately $27 million of the deposits exceeded FDIC insurance limits; this amount is likely to change once the FDIC obtains additional information.
The FDIC estimates that the failure will cost its Deposit Insurance Fund approximately $97 million. The estimate is expected to change over time as assets are sold.
Community Bank and Trust – West Georgia is the second bank to fail in the nation this year.
For the 6 months of FY 26 through 3/31/26, the bank ranked 26th, approving 56 7(a) loans for $122 million.
In FY 25, the bank ranked 35th, with 121 7(a) loans for $210 million.
The acquirer of the customer deposits, Anchor Bank, does not offer SBA loans.