First Choice Community Bank of Georgia, became the nation’s 37th banking failure. According to the FDIC press release, the failed bank will be sold to Bank of the Ozarks. Bank of the Ozarks, Little Rock, Arkansas, acquired the banking operations, including all the deposits, of two Georgia-based banks. To protect depositors, the Federal Deposit Insurance […]
First Choice Community Bank, Dallas, Georgia, Fails
Filed Under: Bank Failure, Banking News, Failed Banks, problem banks Tagged With: banking failure, failed bank, First Choice Community Bank
Regulators Close Five Banks – Total Losses To FDIC Top $3 Billion

Last week had no bank closings due to the holiday weekend. Regulators returned to work today, closing five insolvent banks in Florida, Georgia and Michigan. A total of 39 banks have now failed during 2011. Although the banking industry has recovered from the dark days of the financial crisis due to unprecedented government aid, the […]
Filed Under: Bank Failure, Banking News, Failed Banks, featured, Loss share transactions, problem banks Tagged With: bank of the ozarks, Bond Street Holdings, Community Central Bank, Cortez Community Bank, Failed Banks, First Choice Community Bank, First National Bank of Central Florida, Florida Community Bank, premier american bank, problem banks, The Park Avenue Bank