Anchor Bank Assumes Substantially All Insured Deposits of Community Bank and Trust – West Georgia

May 27, 2026

Anchor Bank Assumes Deposits of Community Bank & Trust – West Georgia, LaGrange,
Georgia
PALM BEACH GARDENS, Fla.–(BUSINESS WIRE)—May 1, 2026— Anchor Bank
(“Anchor”), a Florida-chartered community bank, today announced that it has entered into a
purchase and assumption agreement with the Federal Deposit Insurance Corporation (“FDIC”) to
assume all insured deposits of Community Bank & Trust – West Georgia, LaGrange, Georgia,
following the institution’s closure by the Georgia Office of Financial Regulation.
Pursuant to the agreement, Anchor Bank will purchase certain assets and assume the insured
deposits of Community Bank & Trust – West Georgia. The transaction was completed in
accordance with the FDIC’s standard resolution process for failed insured depository institutions.
Substantially all insured deposit accounts of Community Bank & Trust – West Georgia have
been transferred to Anchor Bank and will continue to be insured by the FDIC up to applicable
limits. Customers of Community Bank & Trust – West Georgia will continue to have
uninterrupted access to their insured funds, including through existing checks, debit cards,
ATMs, and online banking platforms. Checks drawn on the bank will continue to be processed as
usual.
The former offices of Community Bank & Trust – West Georgia are expected to reopen as
branches of Anchor Bank on May 4, 2026, operating under normal business hours.
“We are pleased to welcome Community Bank & Trust – West Georgia’s customers and
employees to Anchor Bank,” said Nelson Hinojosa, Chief Executive Officer of Anchor Bank.
“Our immediate priority is to ensure a smooth transition and continuity of service. We look
forward to building strong, long-term relationships in the LaGrange community by delivering the
responsive, relationship-focused banking model that defines Anchor Bank.”
Following the transaction, Anchor Bank will have approximately $875 million in total assets on
a pro forma basis.
Additional details regarding the transaction, including information for customers, are available
on the FDIC’s website at www.fdic.gov.

About Anchor Bank
Anchor Bank is a privately held community bank headquartered in Palm Beach County, Florida.
The Bank provides a full range of financial services to small and mid-sized businesses and
individuals, with a focus on relationship banking, tailored lending solutions, and community
engagement. Anchor Bank operates across South Florida and is committed to supporting
economic growth and financial inclusion in the communities it serves.
For more information, please visit the Bank’s website at www.anchorbank.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable
securities laws. These statements are based on current expectations and are subject to risks and
uncertainties that could cause actual results to differ materially. Anchor Bank undertakes no
obligation to update any forward-looking statements.

Media Contact:
Nelson Hinojosa
President & CEO
Anchor Bank
(561) 383-3000
nhinojosa@anchorbank.com