Six More Banks Fail
WASHINGTON – After a slowdown in bank closures, regulators shuttered six more banks Friday, making a total of 34 failures for the year.
Friday’s failures included $3 billion Superior Bank of Birmingham, Ala., with 70 branches in Alabama and Florida, the biggest failure of the year so far.
Also failing were: $790 million Nexity Bank, also of Birmingham; $330 million County Bank of Cartersville, Ga.; $224 million Heritage Banking Group of Carthage, Miss.; $110 million New Horizons Bank in East Ellijay, Ga.; and, $40 million Rosemount National Bank in Rosemount, Minn.
Friday’s closures came after there had only been two failures in the previous three weeks.