Gulfsouth Bank Florida closed by FDIC. Accounts transferred to SmartBank Tennessee. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts

	October 19, 2012: GulfSouth Private Bank, Destin, FL was closed by the Florida Office of Financial Regulation. The Federal Deposit Insurance Corporation was named receiver. Successor Bank: All deposit accounts, including brokered deposits, have been transferred to SmartBank, Pigeon Forge, TN SmartBank 2430 Teaster Lane, Suite 205 Pigeon Forge, TN 37863 History: Est. in 2005 as Gulfsouth Private Bank ► 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 IRA, CD and Savings Account Search
2012 FDIC Insured Failed Banks




GulfSouth Private Bank 4405 Commons Drive East Destin, FL 32541
Established as GulfSouth Private Bank




Cost to FDIC: $ 36 million