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Two More Banks Close

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posted on Jun, 26 2009 @ 07:53 PM
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Two more banks closed today in Georgia.

It hasn't hit the FDIC news feed, but there was one in Noonan GA and one in Villa Rica GA. The one in Villa Rica, Community Bank of West Georgia, did NOT have a buyer, so it goes to the FDIC on Monday. All money is frozen until then...




posted on Jun, 26 2009 @ 09:10 PM
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Funny, banks are going bust in Florida but they are opening new branches of several in the next year around here. Makes NO sense.



posted on Jun, 27 2009 @ 01:11 PM
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reply to post by secretagent woooman
 


There is a normal edd and flow of bank failures that always occurs. We all have hightened sensativity to it now, but there have always been bank failures, generally due to bad management or density of competition.



posted on Jun, 27 2009 @ 01:21 PM
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reply to post by HunkaHunka
 


Here is a write up on Bloomberg...
5 banks were seized...


Five Banks Are Seized, Raising U.S. Failures This Year to 45
www.bloomberg.com...



posted on Jun, 27 2009 @ 11:08 PM
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Originally posted by burntheships
reply to post by HunkaHunka
 


Here is a write up on Bloomberg...
5 banks were seized...


Five Banks Are Seized, Raising U.S. Failures This Year to 45
www.bloomberg.com...



Yep... that's it... thanks for the link!

There is another link on this on the Breaking News Forum to be found here....


www.abovetopsecret.com...



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