Bank failures play out in grim ritual
Bank closings have played out about twice a month in Georgia on average for the past three years.
More banks have failed in Georgia since August 2008 — 68 — than in any other state. The first of that bunch— Alpharetta-based Integrity Bank — was closed three years ago Monday.
After most of Georgia’s failures, regulators, employees and the failed bank’s buyer worked to quickly reopen the institution under a new name, insured deposits intact.
For the people involved the process of closing a bank is a grim ritual: exacting, efficient and often emotional.
In Sunday's newspaper, the AJC takes you inside the process with bank employees and regulators who have been through the process. It's a story you'll get only by picking up a copy of The Atlanta Journal-Constitution or logging on to the paper's iPad app. Subscribe today.
About the Author
J. Scott Trubey is the senior editor over business, climate and environment coverage at The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. He joined the AJC in 2010.
