Bank failures in 4 states bring 2012 total to 38 - Sunday, July 22, 2012 | 3:28 a.m. - Las Vegas Sun: "Regulators closed two small banks in Georgia on Friday and one each in Florida, Kansas and Illinois, bringing to 38 the number of U.S. bank failures this year.
That's a slower pace than in 2011; 58 banks had failed by this time last year.
The Federal Deposit Insurance Corp. seized Georgia Trust Bank, based in Buford, Ga., with $119.8 million in assets and $117.4 million in deposits; First Cherokee State Bank, based in Woodstock, Ga., with $222.7 million in assets and $193.3 million in deposits; and Royal Palm Bank of Florida, based in Naples, Fla., with $87 million in assets and $85.1 million in deposits."
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That's a slower pace than in 2011; 58 banks had failed by this time last year.
The Federal Deposit Insurance Corp. seized Georgia Trust Bank, based in Buford, Ga., with $119.8 million in assets and $117.4 million in deposits; First Cherokee State Bank, based in Woodstock, Ga., with $222.7 million in assets and $193.3 million in deposits; and Royal Palm Bank of Florida, based in Naples, Fla., with $87 million in assets and $85.1 million in deposits."
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