Regulators shut Community Bank of West Georgia; 41st bank failure this year
By APFriday, June 26, 2009
Regulators shut Ga. bank; 41st to fail this year
WASHINGTON — Regulators have shut down Community Bank of West Georgia, marking the 41st failure this year of a federally insured bank.
The Federal Deposit Insurance Corp. was appointed receiver of the failed bank, based in Villa Rica, Ga. It had $199.4 million in assets and $182.5 million in deposits as of May 15.
The FDIC says it will mail checks to depositors for the amounts of their insured funds. Direct deposits from the government, such as Social Security and veterans’ benefits, will be transferred to United Community Bank in Blairsville, Ga.
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June 27, 2009: 1:59 am
FDIC closed 4 banks today (26 June) 69 banks failed since 2008, 25 in 2008 and 44 in 2009 till now. Check the list of all the failed banks at : And on google map see where the banks are failing at : Some statistics about the bank failures : Neighborhood Community Bank, Newnan, GA : Horizon Bank, Pine City, MN: Metro Pacific Bank, Irvine, CA : |
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