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Regulators Close Banks in Florida, Georgia, Illinois, and Kansas

By: Associated Press
By: Associated Press

Washington, D.C (AP) - Regulators have shut down a total of six banks
in Florida, Georgia, Illinois and Kansas, lifting to 138 the number
of U.S. banks that have fallen this year as soured loans have
mounted and the economy has sputtered.
The Federal Deposit Insurance Corp. on Friday took over the
banks: First Bank of Jacksonville in Jacksonville, Fla., with $81
million in assets; Progress Bank of Florida, based in Tampa, with
$110.7 million in assets; First National Bank of Barnesville in
Barnesville, Ga., with $131.4 million in assets; Gordon Bank of
Gordon, Ga., with $29.4 million in assets; First Suburban National
Bank in Maywood, Ill., with $148.7 million in assets; and Hillcrest
Bank, based in Overland Park, Kan., with $1.6 billion in assets.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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