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Two More GA Banks Buckle
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The toll of failed banks is mounting, with 80 institutions closed by regulators so far this year - the most since 1992 at the height of the savings-and-loan crisis.
The latest came Friday with the seizures of two small banks in Georgia: ebank, located in Atlanta, with $143 million in assets and $130 million in deposits; First Coweta, based in Newnan, Ga., with $167 million in assets and $155 million in deposits.
The Federal Deposit Insurance Corp. was appointed receiver of the failed banks.
Tags: economy, banks, FDIC