Published: May 2, 2009
Banks in Georgia and New Jersey were seized by regulators, raising the tally of failed lenders in the United States to 31. Silverton Bank of Atlanta, a commercial bank, was shut by the Office of the Comptroller of the Currency, and Citizens Community Bank in Ridgewood, N.J., was seized by the state’s Department of Banking and Insurance. The Federal Deposit Insurance Corporation was named receiver in both cases. Silverton Bank had about $4.1 billion in assets and $3.3 billion in deposits, and Citizens Community Bank had assets of $45.1 million and deposits of $43.7 million. Read More...
