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.