Mon., January 24, 2011 8:54am (EST)

McDonough Bank Is State’s 2nd In 2011
By Edgar Treiguts
Updated: 3 years ago

ATLANTA  —  
Georgia had its second bank failure of 2011 late Friday, with the closure of Enterprise Banking Company in McDonough.

This closure is different than most of those previously, -with no buyer to take-over operations. The Federal Deposit Insurance Corporation has created a temporary bank to allow customers of Enterprise to get to their accounts and move them to another institution.

This latest failure is the 53rd in Georgia since the middle of 2008 -- a number that leads the nation in that time.