Count Gateway Financial Holdings Inc. as another casualty in the government takeover of Fannie Mae and Freddie Mac.

By all accounts the $2.1 billion-asset Virginia Beach, Va., banking company has been a good performer, boasting fast growth and strong asset quality. But late last year it bought $40.4 million of Fannie Mae and Freddie Mac preferred stock that became nearly worthless when the government took them over this month.

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