6 More Georgia, Ohio, New Jersey and Wisconsin Banks Fail

There have been 125 bank closures this year, and six more this past Friday.

The FDIC (Federal Deposit Insurance Corporation) took over 3 Georgia banks on Friday: First Commerce Community Bank of Douglasville, with $248.2 million in assets; Bank of Ellijay, in Ellijay, with $168.8 million in assets; and Peoples Bank, based in Winder, with $447.2 million in assets.

Community & Southern Bank, based in Carrollton, Georgia, agreed to take over the assets and deposits of all three failed banks.

Three other banks from Ohio, New Jersey and Wisconsin were also taken over byt he FDIC:

ISN Bank (New Jersey)
Maritime Savings Bank – taken over by North Shore Bank (Wisconsin)
Bramble Savings Bank (Ohio) – taken over by Foundation Bank