Regulators close 2 Georgia banks, 1 in Florida

[CountAllVotes]

Source: Associated Press

Regulators shut down 2 Georgia banks, 1 in Florida; makes 40 US bank failures this year

WASHINGTON (AP) -- Regulators have shut down two Georgia banks and one in Florida, bringing to 40 the number of bank failures in the U.S. so far this year.

The Federal Deposit Insurance Corp. on Friday took over the banks: McIntosh Commercial Bank, based in Carrollton, Ga.; Unity National Bank of Cartersville, Ga.; and Key West Bank of Key West, Fla.

The three failures are expected cost the federal deposit insurance fund a total of around $213.6 million.



Read more: http://finance.yahoo.com/news/Regulators-close-2-Georgia-apf-3343626503.html?x=0&sec=topStories&pos=main&asset=&ccode=

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Friday evening bank closure update dump FYI.

:dem:

[Newsjock]

1. Make that four so far

http://www.fdic.gov/bank/individual/failed/banklist.html

Desert Hills Bank Phoenix, AZ

[FarCenter]

2. Add another $106 million FDIC cost for Desert Hills

[undergroundnomore]

3. Oh My God

Unity is my bank. We actually discussed this with them about eight months ago and they told us that if they were to close it would close on a Friday and then open under a new bank. We just went on their website and found out we are now part of the Bank of the Ozarks. Once again you helped clue me in on what is going on.

You should see that bank. The building is beautiful. Actually we were very impressed with them because they used to hand write you thank you notes when you dealt with them.

Gosh if it isn't one thing it's another. first they close down Cartersville's largest employer (where my husband used to work) and now the bank. Yipppeeee!!! what's next?

Oh yeah, the school district that employs me has already said that they will be cutting staff next year.