Braselton-based Hamilton State Bancshares Inc. acquired McIntosh State Bank of Jackson on Friday in receivership from the Federal Deposit Insurance Corporation.

McIntosh State is the 46th FDIC-insured institution to fail in the U.S. this year and the 13th in Georgia.

The acquisition was approved by the Georgia Department of Banking and Finance and the FDIC.

McIntosh State Bank's four branches in Butts, Jasper and Henry counties will reopen today as Hamilton State Bank. Customers will have access to their accounts and all banking services, including ATMs.

The FDIC and Hamilton State Bank entered into a loss-share transaction on $242.1 million of McIntosh State Bank's assets. Hamilton will share in the losses on the asset pools covered under the loss-share agreement.

As of March 31, McIntosh State Bank had approximately $339.9 million in total assets and $324.4 million in total deposits, the FDIC reported.

"As a growing community bank with 10 branches, we look forward to this opportunity to broaden our bank's market and serve new communities in Georgia," said Hamilton State Bank Chairman and CEO Robert Oliver.

"We welcome our new customers and assure them that they will be served by the same friendly professionals at each of the McIntosh State Bank branches in the days to come. ... Our goal is to have all Hamilton State Bank offices operating on the same system in the months to come in order to provide streamlined, consistent service to all our customers."

Hamilton State Bank operates offices in Barrow, Bartow, Cobb, Hall, Forsyth and Jackson counties in Georgia. With the acquisition, Hamilton State now has approximately $1.012 billion in total assets, $806 million in deposits, and $138 million in total capital.

Customers with questions can call the FDIC's toll-free line at 1-800-913-5370 or visit the FDIC's Web site.