Four More Banks Fail

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WASHINGTON – Regulators closed four more banks Friday – two in Georgia and one each in Florida and Arizona – making a total of 55 bank failures so far in 2011.

Friday’s failures were: One Georgia Bank, a $186 million Atlanta institution; High Trust Bank, a $193 million bank in Stockbridge, Ga.; $230 million First Peoples Bank of Port St. Lucie, Fla.; and, $72 million Summit Bank, Prescott, Ariz.

This year’s bank failures are not expected to approach last year’s 157, or the 140 that were shuttered in 2009.

 

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