Frontier Bank, LaGrange, GA, Closed By Regulators, Largest Bank Failure of 2013

Frontier Bank, La Grange, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the FDIC as receiver.  The FDIC sold the failed bank to HeritageBank of the South, Albany, Georgia.  HeritageBank will assume all deposits of Frontier. Frontier Bank was established in 1946 and originally named Valley National Bank of […]

Citizens Bank of Effingham Becomes Sixth Banking Failure In Georgia

Georgia may be one of the Nation’s smaller states, but it has the dubious distinction of being number one in banking failures this year.   The failure of Citizens Bank of Effingham, Springfield, Georgia, today marks the sixth banking failure in Georgia this year.  With four more banking failures today, the total number of failed banks […]