[Homestead] Small Georgia bank fails

Don Bowen don.bowen at earthlink.net
Fri Oct 24 17:44:21 EDT 2008


Alpha Bank & Trust of Alpharetta, GA fails and is taken over by the FDIC and
is acquired by Stearns Bank.

http://www.fdic.gov/news/news/press/2008/pr08106.html

 

It is Friday and the FDIC moves in at close of business on Friday of any
bank that fails.  Small banks are not immune.

 

The FDIC is renting a significant chunk of office space in Orange Country,
California in anticipation of increased staffing needs.

 

Don Bowen  KI6DIU

http://www.braingarage.com/Dons/Travels/journal/Journal.html

 



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