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The Community Bank closed, 20th failure of the year [FDIC Friday]
MarketWatch ^
| 2008-11-21
| John Letzing
Posted on 11/21/2008 6:28:02 PM PST by rabscuttle385
SAN FRANCISCO (MarketWatch) -- Loganville, Ga.-based The Community Bank has been closed by regulators, the Federal Deposit Insurance Corp. said late Friday, marking the 20th bank failure so far this year amid the ongoing financial crisis.
All of The Community Bank's deposits have been transferred to Tappahannock, Va.-based Bank of Essex, the FDIC said, and all four of The Community Bank's branches will reopen Monday as Bank of Essex.
(Excerpt) Read more at marketwatch.com ...
TOPICS: Business/Economy; Front Page News; News/Current Events; US: Georgia; US: Virginia
KEYWORDS: bailout; bankfailure; banking; fdic; financialcrisis; govwatch; ots
To: PAR35; TigerLikesRooster; bamahead; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; ...
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Good evenin' folks. It looks like we may have a three-for-one bonanza tonight! |
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2
posted on
11/21/2008 6:29:16 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" --Patrick Henry)
To: Uncle Ike; RSmithOpt; jiggyboy; 2banana; Travis McGee; OwenKellogg; 31R1O; Ken H; Gritty; ...
*Ping!*
3
posted on
11/21/2008 6:29:40 PM PST
by
rabscuttle385
("If this be treason, then make the most of it!" --Patrick Henry)
To: rabscuttle385
Loganville, GA based bank? Who knew? The only thing I knew to come out of Loganville was Maxie Price.
4
posted on
11/21/2008 6:32:36 PM PST
by
Hoodat
(For the weapons of our warfare are mighty in God for pulling down strongholds.)
To: Hoodat
It’s right next to the also-defunct Walton Suit Factory.
To: rabscuttle385
6
posted on
11/22/2008 11:05:13 AM PST
by
GOPJ
(Murder rate per 100,000 residents in counties won by: Democrats: 13.2 Republicans: 2.1 -Olson)
To: rabscuttle385
Not “too big to fail” I guess.
Bailouts are only for the (previously) rich folks.
7
posted on
11/22/2008 11:08:44 AM PST
by
Boiling Pots
(I'd be laughing if it wasn't going to be so expensive.)
To: rabscuttle385
20th??
Local news said that the 2 that failed in So Cal were the 27th and 28th. Maybe I heard it wrong.
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