Two Banks Fail In Minnesota and Georgia – FDIC Losses Hit $1 Billion

Regulators closed two banks in Minnesota and Georgia, bringing the total number of banking failures for the year to eleven.  A total of four bank failures have now occurred in Minnesota and Georgia.  During all of 2011 a total of only two banks failed in Minnesota.  Georgia had a total of 23 bank failures during […]

Central Bank of Georgia Fails After Serving Public For 102 Years

Any bank that can last for 102 years deserves special recognition for surviving business panics, stock market crashes, world wars and economic depressions.  The Central Bank of Georgia, Ellaville, GA, is in this category, having been established on September 16, 1910 and surviving until today when the Georgia Department of Banking and Finance closed the […]