Business & Tech
Regulators Shut Down Two More Georgia Banks
Depositors of the failed First Georgia Banking Company and Atlantic Southern Bank will automatically be transferred to CertusBank.
Franklin-based First Georgia Banking Company was one of two Georgia banks closed by the Georgia Department of Banking and Finance on Friday, the Federal Deposit Insurance Corporation announced in a news release. Atlantic Southern Bank based in Macon was the other.
The 26 branches of the two closed banks will reopen during their normal business hours beginning Saturday as branches of the Easley, South Carolina-based CertusBank, the release stated.
Oconee County was home to one of the 10 branches of , located at 1252 Virgil Langford Road.
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Fourty-two FDIC-insured institutions have failed in the nation so far this year, including 12 in Georgia.
In Feburary, Watkinsville-based North Georgia Bank was and reopened as BankSouth. Park Avenue Bank, which also had a branch in Oconee County, became at the end of April.
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