Integrity Bank

On August 29, Integrity Bank of Georgia became the 10th US bank to fold in 2008. Deposits will be covered by Alabama's Regions Financial Corp. The bank has been in danger of being shut down by U.S. regulators since May, when it was ordered to prepare a capital-raising plan.

FDIC Statement

  • "On August 29, 2008, Integrity Bank, Alpharetta, Georgia was closed by the Georgia Department of Banking and Finance. Subsequently the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed. All deposit accounts have been transferred to Regions Bank, Birmingham, Alabama."

Regions Bank Statement

  • "On August 29, 2008, Integrity Bank was closed by the Georgia Department of Banking and Finance and Regions Bank assumed its deposit and certain other types of accounts. We are pleased to welcome Integrity Bank customers to Regions. During this time of transition, we understand you have questions about recent events and the status of your accounts. For important information about the closing of Integrity Bank, please see the FDIC information below."

Company Philosophy

The Integrity Bank was built around a Christianity-centered theme. Staff members would regularly pray before opening the bank, and with customers on the bank's floor. Founder Steve Skow told the Atlantic Journal-Constitution in 2005 that "we felt if we prayed and obeyed God’s word and did what He asked, that He would help us be successful."AJC.com: Alpharetta-based Integrity bank fails(August 29, 2008)

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