Four Banks Closed In Georgia, Florida and Colorado – Losses Now Total $7 Billion

The continued decline in real estate values and aggressive lending during the real estate boom continue to haunt the banking industry.  Regulators closed four banks in three states this week bringing the total banking failures for the year to 84. Two banks were closed in Georgia which now accounts for 26% of all U.S. banking […]

Decatur First Bank of Georgia Becomes 21st Banking Failure In Georgia

Decatur First Bank, Decatur, Georgia, became the 21st bank to fail in Georgia this year.  Georgia leads the nation in banking failures, accounting for 26% of all failed banks during 2011.  A second Georgia bank, Community Capital Bank of Jonesboro, was also closed by regulators today.  Georgia accounts for 22 of the nation’s 84 banking […]