Regulators Close Four Banks In Four States Bringing Total Bank Failures To 68

Regulators closed four banks in four different states this week.  As has been typical for 2011, three of the failed banks were small or mid sized with total assets under $250.  The largest bank failure of the week was Lydian Private Bank of Florida with $1.7 billion in assets, which became the fifth largest banking […]

First Southern National Bank of Georgia Becomes 67th Banking Failure

First Southern National Bank of Statesboro, Georgia, established in 2001 by a group of local businessmen, was closed today by the Office of the Comptroller of the Currency.  The FDIC, appointed as receiver, sold the failed bank to Heritage Bank of the South, Albany, Georgia. First Southern had only one branch which will reopen on […]