Business

Two more Georgia banks fail

By
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

Follow J. Scott Trubey on twitter

J. Scott Trubey is the economy and environment editor for The Atlanta Journal-Constitution. He previously served as a business reporter for the AJC covering banking, real estate and economic development. Trubey is also a former investigative reporter, with a specialty in banking, real estate and public corruption. He joined the AJC in 2010.

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