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Failed Georgia-based Woodbury Banking attracted 9 bids

Woodbury,Ga.-based Woodbury BankingCo. received nine bids, according to a bid summary last updated bythe FDIC on Oct. 6.

WoodburyBanking was shutteredby regulators Aug. 19.

Zebulon,Ga.-based United Banksubmitted the winning all-deposit, whole-bank bid with an asset discount of$974,000 and no deposit premium.

Details ofthe cover bid were omitted from the disclosure. There were several other bidsfor Woodbury Banking involving asset discounts ranging from about $974,000 to$5.2 million.

The FDIClisted the following as other bidders: LaGrange, Ga.-based ; Pine Mountain, Ga.-basedFirst Peoples Bank;and Anniston, Ala.-based SouthernStates Bank.