Sat., August 22, 2009 9:39am (EDT)

Two More GA Banks Buckle
By Associated Press
Updated: 5 years ago

ATLANTA  —  
The toll of failed banks is mounting. And this year is has the most since 1992, when the savings-and-loan cirsis was at its peak.
The toll of failed banks is mounting. And this year is has the most since 1992, when the savings-and-loan cirsis was at its peak.
The toll of failed banks is mounting, with 80 institutions closed by regulators so far this year - the most since 1992 at the height of the savings-and-loan crisis.

The latest came Friday with the seizures of two small banks in Georgia: ebank, located in Atlanta, with $143 million in assets and $130 million in deposits; First Coweta, based in Newnan, Ga., with $167 million in assets and $155 million in deposits.

The Federal Deposit Insurance Corp. was appointed receiver of the failed banks.