First Citizens Bank & Trust of Raleigh, North Carolina, has taken over BestBank after the FDIC closed its parent company, Guaranty Bank - and BestBank's Cumming and Dawsonville branches have been closed.
However, customers of the two banks - and others that are closing - have been assured that their deposits are "safe, accessible and still protected by FDIC insurance." A press release from First Citizens says depositors can continue to use their checks and cards and have online, mobile, ATM and telephone banking access to their accounts.
Milwaukee, Wisconsin-based Guaranty Bank did business as BestBank in Georgia and Michigan.
Customers with questions about the transaction should call the FDIC toll-free at 800-930-6827. Interested parties also can visit the FDIC's website at https://www.fdic.gov/bank/individual/failed/guaranty.html.
