Five Bank Failures Bring Year’s Total To 38 – FDIC Losses Top $1.9 Billion

Regulators had a busy week closing five banks in four different states on Friday.  Although bank failures have been proceeding at a slower pace than last year, the total losses to the FDIC Deposit Insurance Fund now top $1.9 billion and the number of problem banks remains very high considering that we are four years […]

Georgia Trust Bank Fails – Feds Sell Bank To Community & Southern Bank

Georgia continues to lead the nation with bank failures as regulators closed two more failed banks in Georgia.  The latest bank to fail in the State was the Georgia Trust Bank, Buford, GA.  For the year a total of eight banks have failed in Georgia, making the State the capital of U.S. bank failures and […]