Bad news. Our only locally owned bank has failed. But, if you have an account there, don't worry. Your money is safe.
Carl tweeted that he saw a GBI guard there earlier today.
ATLANTA, Oct. 21, 2011 /PRNewswire/ -- Fidelity Bank, a subsidiary of Fidelity Southern Corporation (NASDAQ: LION) announced it entered into a purchase and assumption agreement with the FDIC to assume substantially all loans and approximately $175 million in deposits of Decatur First Bank. Decatur First Bank operated as Decatur First Bank in Decatur, as Bank of Morgan County in Madison, and as Lake Oconee Community Bank at Lake Oconee. Fidelity Bank purchased both insured and uninsured deposits and therefore all Decatur First Bank depositor accounts will be honored in full. All former Decatur First Bank locations will open as normal on Saturday, October 22, and Monday, October 24, at their regular times and Decatur First Bank customers will continue to be able to conduct banking business, including accessing their money by writing checks and using ATM or debit cards. All outstanding checks will be processed as usual, and customers can continue using their Decatur First checks. Customers may use any Fidelity Bank ATM free of charge.
DFB had been on the FDIC's troubled bank list for some time, but I was always assured that was just an overabundance of caution.
Here's the official FDIC information release: http://fdic.gov/bank/individual/failed/decatur.html
Here's a independent report from earlier this year: http://bit.ly/DFBrept