Washington, D.C. (AP) - Regulators have shut down two banks in
Georgia, bringing to 145 the number of U.S. banks that have
succumbed this year under the burden of bad loans and a tepid
The Federal Deposit Insurance Corp. on Friday took over Darby
Bank & Trust Co., based in Vidalia, Ga., with $654.7 million in
assets, and Tifton Banking Co. of Tifton, Ga., with $143.7 million
in assets. Ameris Bank, based in Moultrie, Ga., agreed to assume
the assets and deposits of the failed banks. The two failures are
expected to cost the deposit insurance fund $160.8 million.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.