Mon., August 22, 2011 8:51am (EDT)

17th Ga. Bank Failure In 2011
By Edgar Treiguts
Updated: 3 years ago

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