Posts Tagged ‘community bank’

FDIC Breaks February Record; 5 Banks Fail Over Weekend

Saturday, June 27, 2009 9:41 5 Comments

In its busiest weekend in decades, the FDIC closed 5 more banks bringing the number of total bank failures to 45 for the year. This weekend exceeded the previous record when 4 banks failed on a single weekend in February.   Two of the seized banks were located in California, two more in Georgia and [...]

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23rd US Bank Fails: Georgia Community Bank Seized

Friday, December 5, 2008 21:24 No Comments

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 [...]

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