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17th Ga. Bank Failure In 2011
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On Friday, Georgia suffered its 17th bank failure this year.
Federal regulators shut-down Statesboro-based First Southern National Bank. It was sold to Albany-based Heritage Bank of the South.
Georgia leads the nation with 68 bank failures since the middle of 2008. But this represents the first closure in over a month.
Federal regulators this weekend also closed banks in Florida and Illinois.
Contributors: Associated Press
Tags: Georgia, economy, Statesboro, bank failures, bank closures, Heritage Bank of the South, First Southern National Bank
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