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What 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.

Related posts:

1. Bank Failures at 40 for the Year; FDIC Seizes 3 More
2. Failure Fridays: Freedom Bank of Georgia Closed by Regulators
3. Failure Fridays: Silver Falls Bank Seized
4. Failure Fridays: Third Bank Fails Today, Number 12 for the Year
5. Failure Fridays: Two More Banks Bite The Dust