Posts Tagged ‘georgia bank’

Failure Fridays: Freedom Bank of Georgia Closed by Regulators

Friday, March 6, 2009 21:43 1 Comment

Number 17 for 2009; 42nd Since Depression Began
Freedom Bank of Georgia, Commerce, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Northeast Georgia Bank, Lavonia, Georgia, to assume [...]

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