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First Georgia Community Bank, Jackson, GA - FDIC Failed Bank

posted December 7, 2008 - 6:10am
First Georgia Community Bank, Jackson, GA - FDIC Failed Bank

The newest in the FDIC Bank seizures list is the First Georgia Community Bank, Jackson, GA. It is the 23rd bank to be seized in the year 2008, foreclosures and mortgage delinquencies being the reasons. United Bank will be buying close to $60.6 million of its assets, while the FDIC will retain the rest of the assets for disposition later.

Read detailed Bloomberg story of the FDIC failed bank, First Georgia Community Bank closure at the link below.

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Website: http://bankimplode.com/blog/2008/12/05/first-georg...
Author: yahooo
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