Four Banks Fail In Georgia and California

Four banking failures in Georgia and California have increased total banking failures for 2011 to 22.  Small and mid sized banks continue to face the most difficulty as they find it impossible to raise additional capital required by regulators. During 2010 a total of 157 banking failures occurred, the most since 1992 when 181 banks […]

Habersham Bank Fails In Georgia

Habersham Bank of Clarkesville, Georgia, was closed today by the Georgia Department of Banking and Finance.  The FDIC, as receiver, sold the failed bank to SCBT National Association, Orangeburg, South Carolina.   SCBT will assume all the deposits of Habersham Bank. Habersham Bank has a very long history dating back to 1904 when the bank was […]