Democratic Underground - First Coweta of Georgia becomes 79th bank failure

Reply #1: First Coweta of Georgia becomes 79th bank failure [View All]

UpInArms

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Fri Aug-21-09 05:38 PM
Response to Original message

1. First Coweta of Georgia becomes 79th bank failure

http://www.marketwatch.com/story/first-coweta-of-georgia-becomes-79th-bank-failure-2009-08-21

SAN FRANCISCO (MarketWatch) - First Coweta, Newnan, Ga. became the 79th bank to fail in 2009, after it was closed by the Georgia Dept. of Banking and Finance which appointed the Federal Deposit Insurance Corp. as receiver, the federal agency said Friday. The FDIC said it has entered into a purchase and assumption agreement with United Bank, Zebulon, Georgia to assume all deposits of the bank, excluding those from brokers.

Failed Bank List

Bank Name		City		State	CERT #	Closing Date	Updated Date

CapitalSouth Bank	Birmingham 	AL	22130	August 21, 2009	August 21, 2009
First Coweta Bank	Newnan		GA	57702	August 21, 2009	August 21, 2009
ebank			Atlanta		GA	34682	August 21, 2009	August 21, 2009

3 so far for today

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Reply #1: First Coweta of Georgia becomes 79th bank failure [View All]