Regulators closed FirstBank Financial Services in Georgia, and County Bank and Alliance Bank, both of California, bringing to nine the number of failures this year by federally insured banks.
The Federal Deposit Insurance Corporation said FirstBank’s deposits would be assumed by Regions Bank in Birmingham, Ala. Its branches will reopen as offices of Regions Bank, a unit of the Regions Financial Corporation.
Westamerica Bank acquired the deposits of County Bank, and California Bank and Trust acquired Alliance’s deposits.
Alliance Bank’s branches will reopen Monday as offices of California Bank and Trust.
Source: NY Times
Source: NY Times
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