Four Bank Failures In Four States Brings Year’s Total To 80

Regulators across the nation had a busy Friday evening, closing four banks in four different states. This week’s banking failures increase the total number of failed banks for 2011 to 80.  During 2010, regulators closed a total of 157 banks across the nation.  The FDIC is optimistically predicting a much lower number of banking failures […]

Piedmont Community Bank of Georgia Fails, Taken Over By State Bank and Trust Co

Georgia, the state with the most banking failures for 2011, saw another banking failure today with the closing of Piedmont Community Bank.  The failure of Piedmont becomes the 20th banking failure of the year in Georgia, which now accounts for 26% of all bank failures in 2011. The Georgia Department of Banking, which closed Piedmont […]