Regulators have shut down two small banks in Georgia, making six banks that have failed in the state this year.

The Federal Deposit Insurance Corporation seized Habersham Bank, based in Clarkesville, with $388 million in assets, and Citizens Bank of Effingham, based in Springfield, with $214 million in assets.

Habersham Bank is one of northeast Georgia's oldest financial institutions and operates eight branches, including one in Clarkesville, one in Flowery Branch, one in Cleveland and one in Cornelia. Its assets were taken over by the South Carolina-based SCBT National Association.

A statement from the FDIC said Habersham Bank branches will reopen during their normal business hours beginning Saturday as branches of Habersham Bank, a division of SCBT.

There have been 22 bank failures across the nation so far this year.

Tags: FDIC, bank closing, Federal Deposit insurance Corporation, bank closures, Habersham Bank, Citizens Bank of Effingham