Three Banks Fail In Tennessee, Georgia and Florida – Total 2012 Bank Failures At 31

Regulators closed three banks in three different states, as loan losses continue to plague the banking industry.  Efforts by small banks to raise additional capital have become increasing difficult due to low loan demand, a slowing economy and investor antipathy towards banking stocks.  The latest three banking failures in Tennessee, Georgia and Florida bring total […]

Security Exchange Bank, Marietta, GA, Fails After Loan Defaults Soar

Security Exchange Bank, Marietta, GA, a locally owned community bank headquartered in Marietta, GA, was closed today by the Georgia Department of Banking and Finance. The FDIC, acting as receiver, sold the failed Bank to Fidelity Bank, Atlanta, GA. Both branches of the failed Bank will reopen on Monday as branches of Fidelity Bank and […]