Regulators on Friday shuttered banks in Georgia as well as North Carolina, pushing U.S. bank failures to 10 this year.
The Federal Deposit Insurance Corp. or FDIC captured Douglas County Bank, with nearly $316.5 million in assets and $314.4 million in deposits; as well as Lenoir-based Parkway Bank Parkway Bank, which had about $108.6 million in assets and $103.7 million in deposits.
Hoschton-based Hamilton State Bank would acquire all of Douglas County's deposits and purchase nearly $260.9 million of its assets, while CertusBank NA, based in Easley, S.C., has agreed to assume all of the deposits of Parkway and buy about $99.2 million of the failed bank's assets.
The FDIC said in a statement that it would retain the remaining assets for later disposition. Also, the FDIC believes that the cost of the bank failures to the Deposit Insurance Fund would total $106.4 million.
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