On Friday, April 15, 2011, New Horizons Bank, East Ellijay, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All deposit accounts, excluding certain brokered deposits, have been transferred to Citizens South Bank, Gastonia, NC and will be available immediately.
Safety Ranking:
BankVega safety ranking was below 10 for 7 reported quarters.