Community South Bank closed by FDIC. Accounts transfered to State Bank of Texas. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts.

2013 FDIC Insured Failed Banks	August 23, 2013: Community South Bank, Parsons, TN was closed by the Tennessee Department of Financial Institutions. The Federal Deposit Insurance Corporation was named receiver. Successor Bank: All deposit accounts, including brokered deposits, have been transferred to CB&S Bank, Inc. of Russellville, Alabama CB&S Bank, Inc. 201 South Jackson Street Russellville, AL 35653 History: Est. in 1968 as Citizens State Bank Acquired The Bank of Adamsville, TN Changed name to Community South Bank Acquired Lewis County Bank, TN ► Depositors must establish contact or the successor bank or the FDIC to reclaim their deposits. ► Not every depositor in a failed bank will receive notification from the FDIC, and there are time limits on claims of FDIC-insured bank accounts, CDs and safe deposit boxes. By law, accounts which go unclaimed for an extended period may be time barred, and safe deposit boxes can be drilled and the contents sold at auction. ► Additionally, accounts transferred to successor institutions may have lower interest rates and can lose insurance coverage. ► It is important to understand you may have an account at a failed institution and not know it, either because you were a depositor at a bank acquired by an institution that subsequently failed, or if you or a deceased family member are the beneficial owner of a brokered fiduciary account. ► For assistance tracing and reclaiming a lost bank account, certificate of deposit (CD) or safe deposit box go to: Unclaimed Account Search
Community South Bank 51 West Main Street Parsons, TN 38363
Established as Citizens State Bank
Cost to FDIC: $73 million

Community South Bank - Parsons, TN

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