20th Bank Just Taken Over By Feds - Community Bank of Georgia
Well it's another Friday night and just like clock work the Feds have moved-in to Georgia again and closed down Community Bank - making this the 20th Bank seizure this year. The latest fatality cost the FDIC between 200 and 240 million dollars.
http://money.cnn.com/2008/11/21/news/companies/bank_failure/index.htm?postversion=2008112118
The saga continues over the weekend as Citicorp -(21st fatality) - is expected to be bought and merged with yet another financial institution.
DelMarVa's Premier Source for News, Opinion, Analysis, and Human Interest Contact Publisher Joe Albero at alberobutzo@wmconnect.com or 410-430-5349
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