First 3 Bank Failures Of 2012 Occur In Florida, Georgia and Pennsylvania

The first bank failures of 2012 occurred today when regulators closed three banks in Florida, Georgia and Pennsylvania. Florida and Georgia are continuing a trend from last year when they accounted for almost 40% of the nation’s 92 banking failures.  Georgia had 23 bank failures in 2011 followed by Florida with 13 bank failures.  Today’s […]

The First State Bank, Stockbridge, GA, Closed By Regulators

During 2011, Georgia had the largest number of banking failures in the United States, with 23 failed banks that accounted for 25% of all banking failures.  As regulators closed the first failed banks of the new year, Georgia was once again on the list of failed banks with the closing of a large community bank. […]