If it's Friday, regulators somewhere must be closing a bank. This week, it was Freedom Bank of Georgia, a four-branch operation in the northeastern corner of that state.
The Georgia Department of Banking and Finance shut down Freedom Bank and appointed the Federal Deposit Insurance Corp. as receiver. It arranged for Northeast Georgia Bank to take over the deposits and most of the assets.
Read on.
The Georgia Department of Banking and Finance shut down Freedom Bank and appointed the Federal Deposit Insurance Corp. as receiver. It arranged for Northeast Georgia Bank to take over the deposits and most of the assets.
Read on.
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