ATLANTA -- A failed bank with several branches around metro Atlanta has been shut down by federal government.

The Federal Deposit Insurance Corporation confirmed on Friday that Guaranty Bank, which also owns BestBank, had been shut down by the Office of Comptroller of Currency.  The FDIC entered into a purchase and assuming agreement with First-Citizens Bank & Trust Company which will immediately take over all deposits.

That means all depositors of Guaranty Bank or BestBank, regardless of where they conducted business, will automatically become depositors of First-Citizens. 

The Milwaukee Journal-Sentinel reports that Guaranty had been under orders by federal regulators since 2009 to improve its financial condition. But the bank struggled to return to profitability and boost its capital to required levels.

The paper reports that, in 2012, Guaranty sold off its national Shelter Mortgage unit to bolster the bank's capital, but the boost was temporary. In the last 10 calendar years, Guaranty has posted a profit just twice, records from the FDIC show. Its worst calendar year loss was $52.6 million in 2009. In calendar year 2016, Guaranty lost $4.2 million.

The company has struggled over the years to recover from losses stemming from the housing and foreclosure crisis.

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BestBank had 34 branches across metro Atlanta - many in retail outlets such as grocery stores. First Citizens agreed to purchase $892.6 million of the failed bank's estimated $1 billion in total assets. The North Carolina-based First Citizens bank had previously taken over Atlanta-based Capitol City Bank & Trust.

Customers with questions about the transaction should call the FDIC toll-free at 800-930-6827. 

NameOffice TypeAddressCity
Acworth-HWY 92Kroger6199 Hwy 92, Suite 176Acworth
CarolineKroger1225 Caroline St.Atlanta
MonroeKroger1700 Monroe Dr.Atlanta
BufordKroger3855 Buford Hwy.Atlanta
Roswell (Northridge)Kroger8331 Roswell Rd.Atlanta
College ParkKroger6055 Old National Hwy.College Park
ConyersKroger1745 Highway 138 SEConyers
Covington-HWY 278Kroger3139 US Hwy. 278 NECovington
SalemKroger3700 Salem Rd.Covington
Covington-HWY 20Kroger5341 Hwy. 20 SouthCovington
Cumming-Bethelview RoadKroger2325 Bethelview Rd.Cumming
DecaturKroger2875 N. Decatur Rd.Decatur
Decatur - Memorial DrKroger3479 Memorial Dr.Decatur
Flat ShoalsKroger4919 Flat Shoals Pkwy, Suite 100Decatur
DouglasvilleKroger8501 Hospital Dr.Douglasville
DuluthKroger3093 Steve Reynolds Blvd.Duluth
DunwoodyKroger4498 Chamblee Dunwoody Rd.Dunwoody
EllenwoodKroger101 Fairview Rd.Ellenwood
Ellenwood WalmartWalmart2940 Anvil Block Rd.Ellenwood
Lake CityKroger5664 Jonesboro RdLake City
LawrencevilleKroger2100 Riverside Pkwy. NWLawrenceville
Lilburn-Five ForksKroger3050 Five Forks Trickum Rd. SWLilburn
Lilburn-HWY 29Kroger4155 Lawrenceville Hwy. NWLilburn
Lithonia Wal-MartWalmart5401 Farrington Rd.Lithonia
Lithonia - KrogerKroger6678 Covington Hwy.Lithonia
LoganvilleKroger910 Athens Hwy.Loganville
Mableton-FloydKroger4875 Floyd Rd.Mableton
McDonoughKroger301 Jonesboro Rd.Mcdonough
South StockbridgeWalmart1400 Hudson Bridge Rd.Stockbridge
StockbridgeKroger3618 Hwy 138 SEStockbridge
Stone MountainKroger1227 Rockbridge RdStone Mountain
Tucker-LavistaKroger3959 Lavista Rd., Suite ATucker
Lawrenceville Hwy.Kroger4357 Lawrenceville Hwy.Tucker
Union CityKroger4550 Jonesboro Rd.Union City