On Friday, Aug. 21, United Bank announced it entered into a purchase and assumption agreement with the FDIC to assume all deposits and approximately $155 million in assets of First Coweta Bank based in Newnan. United Bank purchased both insured and uninsured deposits, and therefore all First Coweta Bank depositor accounts will be honored in full. All former First Coweta Bank locations will open as normal on Saturday, Aug. 22, at their regular times and customers will be able to conduct business as usual.
United Bank assumes all deposits and most assets of First Coweta Bank