California, Georgia banks are latest to be seized
By John Letzing, MarketWatch
Last update: 8:14 p.m. EST Feb. 6, 2009
SAN FRANCISCO (MarketWatch) -- Federal regulators shut down a bank in Southern California and another in the Atlanta area on Friday, bringing the number of U.S. failures this year to eight, while marking the 33rd collapse since the recession began.
McDonough, Ga.-based FirstBank Financial Services and Culver City, Calif.-based Alliance Bank were seized, according to the Federal Deposit Insurance Corp.
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Friday, February 6, 2009
FDIC Friday - 2 more banks fail
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