
Federal regulators closed the 17th bank in Georgia this year. (photo-Daniel Borman)
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