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Bank Failures in Georgia
| August 29, 2008 |
Alpharetta-based Integrity Bank, with assets of 11.1 billion dollars is closed by the FDIC. All assets are purchased by Regions Financial over the weekend. |
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Bank Failures in Georgia |
| October 24, 2008 |
Alpharetta-based Alpha Bank and Trust is closed by the Georgia Department of Banking and Finance and the FDIC is appointed receiver. |
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Bank Failures in Georgia |
| December 5, 2008 |
The First Georgia Community Bank, Jackson, GA became the third Georgia bank to close this year. The Georgia Department of Banking and Finance named the Federal Deposit Insurance Corporation (FDIC) as Receiver. United Bank of Zebulon, GA immediately assumed all depository accounts and other bank assets. |
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Bank Failures in Georgia |
| December 12, 2008 |
Haven Trust Bank in Duluth, Georgia was closed Friday by the Georgia Department of Banking, which named the FDIC as receiver. The FDIC immediately transferred the deposits to Branch Banking & Trust (BB&T), headquartered in Winston-Salem. |
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Bank Failures in Georgia |
| February 6, 2009 |
FirstBank Financial Services of McDonough, Georgia, was closed by the Georgia Department of Banking and Finance and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. Deposits and some assets were transferred to Regions Bank, Birmingham, Alabama |
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Bank Failures in Georgia |
| March 6, 2009 |
Freedom Bank of Georgia in Commerce was closed by the Georgia Department of Banking and Finance and the FDIC was named as receiver. Deposits and some assets were transferred to the Northeast Georgia Bank in Lavonia. |
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Bank Failures in Georgia |
| March 20, 2009 |
FirstCity Bank of Stockbridge, Georgia, is closed by the Georgia Department of Banking and Finance. The FDIC is named receiver, but no bank is willing to assume the deposits |
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Bank Failures in Georgia |
| March 27, 2009 |
Omni National Bank, Atlanta, Georgia, was closed by the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. SunTrust Bank, Atlanta, Georgia, will act as paying agent for the insured deposits. |
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Bank Failures in Georgia |
| April 24, 2009 |
American Southern Bank, Kennesaw, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with Bank of North Georgia, Alpharetta, Georgia, to assume all of the deposits, excluding those from brokers. |
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Bank Failures in Georgia |
| May 1, 2009 |
Silverton Bank, National Association, Atlanta, Georgia, a commercial bank that provided banking services to other banks, was closed by the Office of the Comptroller of the Currency (OCC). The Federal Deposit Insurance Corporation (FDIC) created a bridge bank to assume operations. |
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Bank Failures in Georgia |
| June 19, 2009 |
Southern Community Bank, Fayetteville, Georgia was closed by the Georgia Department of Banking and Finance. the Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The FDIC assumption agreement with United Community Bank, Blairsville, Georgia, to assume all of the deposits of Southern Community Bank. |
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Bank Failures in Georgia |
| June 26, 2009 |
Community Bank of West Georgia, Villa Rica, Georgia, was closed today by the Georgia Department of Banking and Finance. The FDIC was appointed receiver. They will mail checks to depositors for their insured funds. |
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Bank Failures in Georgia |
| June 26, 2009 |
Neighborhood Community Bank of Newnan was closed by the Georgia Department of Banking and Finance. The FDIC entered into a purchase and assumption agreement with CharterBank, West Point, Georgia, to assume all of the deposits of Neighborhood Community Bank. |
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Bank Failures in Georgia |
| July 17, 2009 |
First Piedmont Bank, Winder, was closed by the Georgia Department of Banking and Finance. The FDIC entered into a purchase agreement with First American Bank and Trust Company, Athens, Georgia, to assume all of the deposits. |
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Bank Failures in Georgia |
| July 24, 2009 |
Branches of Security Bank Corporation of Macon were closed today by the Georgia Department of Banking and Finance. The FDIC entered into a purchase agreement with State Bank and Trust Company, Pinehurst. |
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Bank Failures in Georgia |
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