Woodlands Bank South Carolina closed by FDIC. Accounts transferred to Bank of the Ozarks Arkansas. Depositors must claim FDIC-insured IRA, CD, Savings Accounts and Checking Accounts

	July 16, 2010: Woodlands Bank, Bluffton, SC was closed by the Office of Thrift Supervision (OTS), and the Federal Deposit Insurance Corporation was named Receiver. Successor Bank: All deposit accounts, excluding certain brokered deposits, have been transferred to Bank of the Ozarks, Little Rock, Arkansas. Bank of the Ozarks 17901 Chenal Parkway Little Rock, AR 72223 History: Established as Gulf Federal Bank, FSB Acquired Gulf Federal Savings And Loan Association of Mobile, Alabama Changed name to Woodlands 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 or safe deposit box go to: Unclaimed Funds Search
2010 FDIC Insured Failed Banks




Woodlands Bank 27 Towne Drive Bluffton, SC 29910
Established as Gulf Federal Bank, FSB




Cost to FDIC: $115 million