23rd US Bank Fails: Georgia Community Bank Seized
Friday, December 5, 2008 21:24What Friday would be complete without a bank failure?
State regulators i closed First Georgia Community Bank on Friday, marking the 23rd bank failure of the year.
The Federal Deposit Insurance Corp. said that the four branches of the Jackson, Ga.-based First Georgia Community Bank will reopen on Saturday as part of United Bank, of Zebulon, Ga.
First Georgia Community Bank had total assets of $237.5 million and total deposits of $197.4 million.
The FDIC estimates that the cost of Friday’s action to the Deposit Insurance Fund will be $72.2 million.
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Alice says:
December 18th, 2009 at 2:22 pm
Hiya!. Thanks a bunch for the info. I’ve been digging around for info, but i think i’m getting lost!. Google lead me here – good for you i guess! Keep up the great information. I will be popping back over in a couple of days to see if there is any more info.