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Monday, August 22, 2011 - 4:51am

17th Ga. Bank Failure In 2011

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.


Associated Press