|Published:||Jul 20, 2012 6:25 PM EDT|
|Updated:||Jul 20, 2012 6:25 PM EDT|
WASHINGTON (AP) - Regulators have closed two small banks in Georgia, one in Florida and one in Kansas, bringing to 37 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. seized Georgia Trust Bank, based in Buford, Ga., with $119.8 million in assets and $117.4 million in deposits; First Cherokee State Bank, based in Woodstock, Ga., with $222.7 million in assets and $193.3 million in deposits; and Royal Palm Bank of Florida, based in Naples, Fla., with $87 million in assets and $85.1 million in deposits.
Also shuttered was Heartland Bank in Leawood, Kan., with $110 million in assets and $102.6 million in deposits.
Atlanta-based Community & Southern Bank agreed to assume the deposits of the Georgia banks and to buy all the assets of First Cherokee State Bank.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Human remains found on Shell Point Blvd.
- LCSO investigates a death at Edison State College
- Cape woman suffers serious burns after morning kitchen fire
- Dr. Burke gives last speech before retirement
- Ohio cop, wife face child neglect charge in Fla.
- Lee Dept. of Health offers free pool testing kit
- Fla. woman meets son she gave up for adoption
- Personal finance expert Suze Orman speaks at UF
- Fla. Gov. asked to return money to insurer
- Memorial Day weekend travel expected to mirror last year