Regulators shut banks in Fla, Ga, Minn
WASHINGTON (AP) -- Regulators have shut down two banks in Georgia, and one each in Florida and Minnesota, boosting to 13 the number of bank failures so far in 2010, following 140 closures last year in the punishing economic climate.
The Federal Deposit Insurance Corp. on Friday took over the four: First National Bank of Georgia, based in Carrollton, Ga., with $832.6 million in assets and $757.9 million in deposits; Community Bank and Trust of Cornelia, Ga., with $1.2 billion in assets and $1.1 billion in deposits; Florida Community Bank of Immokalee, Fla., with $875.5 million in assets and $795.5 million in deposits; and Marshall Bank of Hallock, Minn., with $59.9 million in assets and $54.7 million in deposits.
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