Nov 6th, 2009 - CNNMoney
NEW YORK (CNNMoney.com) -- A bank in Georgia and one in Detroit failed on Friday, bringing the 2009 tally to 117.
United Security Bank of Sparta, Ga., closed its doors for the last time on Friday, said the Federal Deposit Insurance Corp. Moultrie, Ga.-based Ameris Bank will assume control of all United Security's deposits.
Home Federal Savings Bank of Detroit, Mich., also failed late friday. New Orleans-based Liberty Bank and Trust Co. will assume control of its deposits.
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Small banks in Ga., Mich. closed
Nov 6th, 2009 - BusinessWeek
Regulators on Friday shut small banks in Georgia and Michigan, bringing the number of bank failures this year to 117 amid the struggling economy and a cascade of defaults on loans. The Federal Deposit Insurance Corp...
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