Business
Two more Georgia banks fail
July 20, 2012
Regulators closed two metro Atlanta banks on Friday, bringing the total number of Georgia bank failures to eight so far this year.
Buford-based Georgia Trust Bank and First Cherokee State Bank in Woodstock were seized and sold to Community & Southern Bank.
Eighty-two Georgia banks have now failed since mid-2008, more than in any other state.
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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.
