Douglas County Bank, Douglasville, GA, was closed today by the Georgia Banking Department. The FDIC, acting as receiver, sold Douglas County Bank to Hamilton State Bank, Hoschton, Georgia, which will assume all deposits of the failed bank. Regulators have been closing a series of small sized banks this year that were unable to recover financially […]
The First State Bank, Stockbridge, GA, Closed By Regulators
January 20, 2012 By Leave a Comment
During 2011, Georgia had the largest number of banking failures in the United States, with 23 failed banks that accounted for 25% of all banking failures. As regulators closed the first failed banks of the new year, Georgia was once again on the list of failed banks with the closing of a large community bank. […]
McIntosh State Bank of Georgia Closed By Regulators
June 17, 2011 By Leave a Comment
McIntosh State Bank, Jackson, Georgia, established in 1964 as a community oriented, full service commercial bank, was closed today by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver. The FDIC sold the failed bank to Hamilton State Bank, Hoschton, Georgia. Hamilton State Bank will assume all deposits and purchase all […]
Bartow County Bank, Cartersville, GA, Closed By Regulators
April 15, 2011 By 3 Comments
Bartow County Bank of Cartersville, GA, besieged by a collapsing loan portfolio, was closed today by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver. The FDIC sold the failed bank to Hamilton State Bank, Hoschton, Georgia, which will assume all deposits of Bartow County Bank. Bartow County Bank, a half […]