Six More Banks Are Shuttered
WASHINGTON – Bank regulators shut down six more banks last week, bringing to 157 the number of banks that have been shuttered in 2010.
The closures brought an estimated price tag of $267 million to the Federal Deposit Insurance Corp.
Among the closed institutions were: $448 million Bank of Miami in Coral Gables, Fla.; $244 million Chestatee State Bank, Dawsonville, Ga.; $242 million United Americas Bank in Atlanta; $192 million First Southern Bank, Batesville, Ark.; $68 million Appalachian Community Bank FSB, McCaysville, Ga.; and, $32million Community National Bank in Lino Lakes, Minn.
All of the institutions were acquired by other banks as part of loss-share agreements with FDIC.