Hoschton-based bank acquires Douglas Co. bank closed by FDIC

HOSCHTON - Some assets and liabilities of Douglas County Bank in Douglasville, seized Friday by the Federal Deposit Insurance Corporation (FDIC), have been acquired by Hamilton State Bank, which is based in Hoschton in north Georgia.

The seizure of Douglas County Bank, along with another bank based in Lenoir, N.C., bring the number of bank failures in the United States so far this year to 10.

All locations of Douglas County Bank will open with normal business hours beginning on Saturday, April 27, 2013 under the name Hamilton State Bank. Douglas County Bank customers may continue to conduct normal banking business and will have access to all of their accounts. New and existing customers will receive additional information in the mail from Hamilton State Bank in the near future, according to a statement released Friday by Hamilton State Bank.

"We are a community bank that currently serves customers from 20 banking centers throughout Georgia," said Hamilton State Bank Chairman and CEO Robert Oliver. "We welcome our newest customers in Douglas and Paulding counties and we want to assure them that they will be served by the same friendly professionals at each of the Douglas County Bank branches in the days to come."

"Our goal is to have all Hamilton State Bank offices operating on the same system in the months to come in order to provide streamlined, consistent service to all our customers," Oliver added.

With the acquisition, Hamilton State Bank now has 24 branches in Barrow, Bartow, Butts, Cobb, Hall, Henry, Forsyth, Jasper, Jackson and now Douglas and Paulding counties.