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Georgia’s Community Bank Succumbs to C&D Exposure

Nov 21, 2008By

Loganville, Ga.-based The Community Bank was closed Friday by the Georgia Department of Banking and Finance, becoming the latest bank to head into the hands of the Federal Deposit Insurance Corporation. The failed bank’s deposits will be assumed by fellow Georgia banking institution Bank of Essex, according to an FDIC statement late Friday.

3d rendering of a row of luxury townhouses along a street

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