WASHINGTON (AP) — Regulators have closed two small banks in Georgia and one each in Florida, Kansas and Illinois, bringing to 38 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. on Friday seized Georgia Trust Bank, based in Buford, Ga., with $119.8 million in assets and $117.4 million in deposits; First Cherokee State Bank, based in Woodstock, Ga., with $222.7 million in assets and $193.3 million in deposits; and Royal Palm Bank of Florida, based in Naples, Fla., with $87 million in assets and $85.1 million in deposits.
Also shuttered ire Heartland Bank in Leawood, Kan., with $110 million in assets and $102.6 million in deposits; and Second Federal Savings and Loan Association of Chicago, with $199.1 million in assets and $175.9 million in deposits.
