April 25, 2024

Business Briefing | Company News: F.D.I.C. Closes Four Banks Burdened by Home Loans

Regulators on Friday closed two banks in Georgia and one each in Florida and Colorado, raising to 84 the number of American banks that have failed this year. The Federal Deposit Insurance Corporation seized the four banks. The largest by far was Community Banks of Colorado, based in Greenwood, Colo., with $1.38 billion in assets and $1.33 billion in deposits. Also shuttered were Community Capital Bank, in Jonesboro, Ga.; Decatur First Bank, in Decatur, Ga.; and Old Harbor Bank, in Clearwater, Fla. By this time last year, regulators had shuttered 139 banks.

Article source: http://feeds.nytimes.com/click.phdo?i=e9fbf4ec5b61420e703f432304631241

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