AP-2 more small Georgia banks fail; makes 30 closed in ’11

AP-2 small Georgia banks fail; makes 30 closed in ’11

WASHINGTON

Regulators have shut down two small banks in Georgia, boosting the number of U.S. bank failures this year to 30. There were 157 bank closures in 2010 amid the shattered economy and piles of bad loans.

The Federal Deposit Insurance Corp. seized Bartow County Bank of Cartersville, with $330.2 million in assets, and New Horizons Bank in East Ellijay, with $110.7 million in assets. Hamilton State Bank, based in Hoschton, Ga., agreed to assume the assets and deposits of Bartow County Bank. Citizens South Bank, based in Gastonia, N.C., is assuming the assets and deposits of New Horizons Bank.

The failures of Bartow County Bank and New Horizons Bank are expected to cost the deposit insurance fund $69.5 million and $30.9 million, respectively.

3 Responses

  1. […] AP-2 more small Georgia banks fail; makes 30 closed in '11 … The Federal Deposit Insurance Corp. seized Bartow County Bank of Cartersville, with $ million in assets, and New Horizons Bank in East Ellijay, with $110.7 million in assets. Hamilton State Bank, based in Hoschton, Ga agreed to . […]

  2. MY PROBLEM IS HUGE I WAS WITH TAYLOR BEAN WHITKER IN 2008 AND THEY WHEN UNDER IN2009 AND THEY GAVE ME BANK OF AMERICAN AND THEY JUST DID WHAT THEY WANT TO DO WITH MY MORTGAGE I WAS ALREADY IN MOFORCATION WITH TBW AND THEY CHANCE WHAT I WAS PAYING AND TOLD THAT THIS IS MY NEW PAYMENT I DID ANOTHER MODICATION WITH NACA AND THEY STILL DENIED ME SAYING THAT IM 20 MONTHS BEHIND BY AS OF TODAY IM STILL PAYING MY MORTGAGE AND THEYSTILL TELLING ME THAT IM SENDING IN THE WRONG AMOUNT ITS PARTICUL PAYMENT IM A VERY SICK PERSON AND THIS NOT WHAT I NEED ON MY PLATE I HAVE AIDS AND MY HEALTH IS NOT GOOD IM STILL TRYING TO WORK AND KEEP A ROOF OVER MY HEAD I HAVE TALK TO SO MANY PEOPLE ABOUT THIS AND KNOW ONE SEEM TO HAVE ANSWER WHY IS THE GOVERNMENT LETTING THIS BANK DO US LIKE AND WHAT’S HAPPENED TO THSE MONIES THEY ARE GIVE NACA TO HELP US PLEASE GIVE ME A ANSWER TO THIS I NEED SOME HELP THEY ARE GETTING READY TO TAKE MY HOME IF ANYONE OUT THERE HEARS MY CRY PLEASE HELP ME

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