WASHINGTON AP - Regulators on Friday shut down a small Georgia bank, bringing to 134 the number of U.S. banks that have failed this year amid the soured economy and mounting loan defaults.The Federal Deposit Insurance Corp. took over RockBridge Commercial Bank, based in Atlanta, with $294 million in assets and $291.
December 21, 2009 at 12:00 AM
1 minute read
WASHINGTON AP – Regulators on Friday shut down a small Georgia bank, bringing to 134 the number of U.S. banks that have failed this year amid the soured economy and mounting loan defaults.
The Federal Deposit Insurance Corp. took over RockBridge Commercial Bank, based in Atlanta, with $294 million in assets and $291.7 million in deposits. The FDIC was unable to find a buyer for the failed bank, so checks covering insured accounts will be mailed to retail depositors, the agency said.
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