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End of 60-Day Acquisition Agreement

Athens Federal's 60-day trailing transaction agreement with FSG ended on June 4. Outstanding FSG checks drawn on your old FSG account, as well as ACH debits and credits that have not been converted to the new AFCB routing number, will be returned by FSG beginning June 6.

Important Reminders:

  • Stop writing and immediately destroy obsolete FSG checks; and, contact the recipient of any outstanding FSG checks and attempt to settle the payment using an AFCB check (or other form of payment).
    • If you have not received Athens Federal checks, please visit any branch to place an order. We can provide an interim set of counter checks for use until your checks are received and/or you may use an AFCB debit card instead of checks.
  • Contact ACH debit/credit originators (merchant/company) to change all deposits and auto payments to the AFCB routing number (264271183). You may have to make arrangements with those companies to reissue any deposits/auto payments that were returned after June 4.

Unfortunately, if items are returned by FSG, we do not have access to know what those items are (neither checks, nor ACH debits/credits), and therefore will no longer be able to reroute or manually post items. Please refer to the communication distributed to you earlier for additional information or visit any Athens Federal branch for assistance.


We are quickly approaching 60 days since the transition of your account from FSG Bank to Athens Federal Community Bank, N.A. As a reminder, FSG Bank will only forward deposits/payments/checks with your former FSG routing number to Athens Federal that are presented to them by May 31, 2016 under our agreement with them.

Any items attempting to post to the old routing number after that date will be returned as "account closed," including direct deposits (payroll, retirement, pension, social security, SSI, etc.), auto draft payments (insurance, utilities, etc.), and any outstanding FSG checks you have written.

If you have remaining FSG checks associated with your new AFCB account, please destroy them immediately and do not continue to issue them. If you have written a FSG check that is still outstanding, please contact the recipient to request it be processed before May 30 to ensure the check clears properly. If you have an account that you write checks on and have not received new Athens Federal checks, please visit a local branch or call 1-800-526-3572.

To avoid a return of future deposits or auto withdrawals/payments that have not already been changed, it is imperative that you contact the creditor/payee and change your routing number to the new Athens Federal routing number (264271183), effective immediately.

  • For direct deposit of payroll, retirement or pension, please contact the Human Resources office at your current/previous workplace, or the local/state/federal agency that manages your pension or retirement benefit to request the change.
  • If you have a direct deposit of social security, SSI or other government benefit, we suggest you call or visit your local Social Security Administration office or the agency that administers your benefits. You may be asked to provide your account number (your account number did not change), the new Athens Federal routing number (264271183) and former FSG Bank routing number (061308592).
  • If you have a payment auto drafted from your account, contact the recipient to request the change.
Should you have additional questions or need assistance with this process, please don't hesitate to visit your local branch or contact any customer service representative at 1-800-526-3572. Now and as we approach the future together, you are our priority and we look forward to serving you.

Welcome Booklet


Please refer to our comprehensive Welcome Booklet for any questions or concerns you may have. The Booklet was mailed on March 1, 2016 and includes important information, dates, product and service changes and descriptions, policies and disclosures and a comprehensive FAQ. You may also pick up a copy of the Booklet at any Athens Federal or impacted FSG Bank branch.

Click here to view a printable .pdf of the Welcome Booklet >

You've Got Mail

Did you miss a letter or other correspondence about the transition? Find it here.

Watch your mail from March 1-10 for your comprehensive Welcome Booklet. If you do not receive your booklet by March 10, please visit any Athens Federal or impacted FSG Bank branch to pick up a copy. Your Welcome Booklet will help you navigate every step of this exciting transition.

About Athens Federal

Athens Federal has been managed by local residents who have your best interest in mind since 1934. We are committed to developing lifelong financial relationships and offering our customers the most exceptional banking experience possible. In short, Athens Federal only thrives when our customers do the same.

As a community bank, we lend locally where our depositors live and work, keeping our community vibrant and growing. We are deeply involved and dedicated to making our area a better place for all residents, and we donate service hours and dollars to support local causes and charitable organizations every year. In alignment with our hometown approach to banking, Athens Federal employees make decisions locally and are always accessible to customers on-site.

We hope you will feel good about keeping your money where it belongs - in the community you call home. We look forward to developing a relationship with you as a trusted financial partner and your community bank.

News Release: Athens Bancshares Corporation Announces Definitive Agreement to Acquire Four Branches

ATHENS, TN (December 17, 2015) - Athens Bancshares Corporation ("Athens Bancshares") (NASDAQ: AFCB), holding company for Athens Federal Community Bank, National Association ("Athens Federal" or the "Bank"), announced today that the Bank has entered into a definitive agreement to purchase four branches from Atlantic Capital Bank, N.A., subsidiary of Atlantic Capital Bancshares, Inc. (NASDAQ: ACBI). The Bank has agreed to assume approximately $104 million in customer deposits and purchase approximately $15 million in loans and other assets affiliated with branches in Athens, Lenoir City, Madisonville and Sweetwater, Tennessee.  These branches operate under the name "FSGBANK", a division of Atlantic Capital Bank, N.A.

According to Athens Bancshares’ and Athens Federal’s President and Chief Executive Officer, Jeffrey L. Cunningham, "This acquisition provides a great opportunity to both increase our presence in Monroe and McMinn Counties and to introduce our great customer service to Lenoir City and Loudon County.  The acquisition will also provide us with additional deposits to fund our continued growth.”

Subject to customary closing conditions, including the receipt of all necessary regulatory approvals, the acquisition is expected to be completed during the Spring of 2016.

Olsen Palmer LLC served as financial advisor, and Luse Gorman, PC provided legal counsel, to Athens Federal.

About Athens Bancshares Corporation and Athens Federal Community Bank
Athens Bancshares Corporation is the parent holding company of Athens Federal Community Bank, National Association, a FDIC-insured national bank organized in 1934.  The Bank is headquartered in Athens, Tennessee and provides financial services to individuals, families and businesses through its seven offices located in southeast Tennessee.

Forward-Looking Statements
This press release may contain forward-looking statements within the meaning of the federal securities laws.  These statements are not historical facts; rather, they are statements based on the Company’s current expectations regarding its business strategies and their intended results and its future performance.  Forward-looking statements are preceded by terms such as “expects”, “believes”, “anticipates”, “intends” and similar expressions.  Forward-looking statements are not guarantees of future performance.  Numerous risks and uncertainties could cause or contribute to the Company’s actual results, performance and achievements to be materially different from those expressed or implied by the forward-looking statements.  Factors that may cause or contribute to these differences include, without limitation, general economic conditions, including changes in market interest rates and changes in monetary and fiscal policies of the federal government; legislative and regulatory changes; the ability to obtain required regulatory approvals in a timely manner; the ability to successfully integrate the branches to be acquired; and other factors disclosed periodically in the Company’s filings with the Securities and Exchange Commission.  Because of the risks and uncertainties inherent in forward-looking statements, readers are cautioned not to place undue reliance on them, whether included in this report or made elsewhere from time to time by the Company or on its behalf.  The Company assumes no obligation to update any forward-looking statements except as may be required by applicable law or regulation.

Commonly Asked Questions

What can impacted FSG customers expect in the immediate future?

Until the transaction is officially closed, all FSG branches will continue to operate business as usual. At the closing date (anticipated in spring 2016), the impacted branches and their customer relationships will transition to Athens Federal Community Bank.

Can customers do business with AFCB now?

Not using their existing FSG ATM/debit cards or checks. Until the transaction is officially closed, all FSG branches will continue to operate business as usual. Both FSG and AFCB will provide notification as to the scheduled closing date of the transaction once all legal, regulatory and shareholder approvals are complete.

Once the transaction is closed, the impacted branches and customer accounts will be transferred to Athens Federal. The branches will open for business on the following business day as Athens Federal.

Will impacted FSG customer account information change?

Between now and the closing of the transaction, customer account(s) will not change. After the closing date, customer accounts will transfer to Athens Federal. Customers will receive personalized communications of any changes to their accounts (including product, account number and debit card changes) well in advance of the transfer. Every attempt will be made to ensure any impact to the customer is minimal.

Will impacted FSG customers need a new ATM/debit card and checks?

Yes, Athens Federal will be communicating with customers in regards to the reissue of their ATM/Debit Card as well as providing a supply of new checks that properly reflect the new account relationship with AFCB. However, until the closing anticipated in spring of 2016, customers will be able to continue to bank with FSG using their FSG ATM/debit cards and checks.

When will the transaction be finalized?

Pending legal, regulatory, and shareholder approvals, we are expecting to complete the sale in the spring of 2016.

When will the impacted FSG branch offices change names?

Rebranding of the branches will occur on the date of or during the weekend of the closing of the transaction.


Athens Federal Online Demos

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If you have additional questions about the announcement, please contact Athens Federal at 423-745-1111.