|Published:||Oct 22, 2010 10:52 PM EDT|
|Updated:||Oct 22, 2010 7:52 PM EDT|
WASHINGTON (AP) - Regulators have shut down three small banks in Florida and Georgia, lifting to 135 the number of U.S. banks that have fallen this year as soured loans have mounted and the economy has sputtered.
The Federal Deposit Insurance Corp. on Friday took over First Bank of Jacksonville in Jacksonville, Fla., with $81 million in assets; Progress Bank of Florida, based in Tampa, with $110.7 million in assets; and Gordon Bank of Gordon, Ga., with $29.4 million in assets.
Ameris Bank, based in Moultrie, Ga., agreed to assume the assets and deposits of First Bank of Jacksonville. Bay Cities Bank, based in Tampa, is buying the assets and deposits of Progress Bank. Morris Bank of Dublin, Ga., is assuming the deposits and $11.5 million of the assets of Gordon Bank.
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