Georgia bank is closed by FDIC
- Share via
Regulators have shut down First Georgia Community Bank, the 23rd U.S. bank to fail this year.
The Federal Deposit Insurance Corp. has been appointed receiver of the bank, located in Jackson. It had $237.5 million in assets and $197.4 million in deposits as of Nov. 7. Customers will still have full access to their deposits, the FDIC said.
More From the Los Angeles Times
Podcasts
The latest effort is coming from the L.A. County Board of Supervisors. They just announced a $3 million program in conjunction with some nonprofits groups to test and clean the soil at homes still standing in the areas impacted by the Eaton Fire.
California once bet big on offshore wind to help power its clean-energy future, but the Trump administration is now paying developers billions to walk away from their projects. As California’s remaining offshore-wind leases hang in the balance, the state is fighting back in court.
The Hillside Strangler murders terrorized Los Angeles in the late 1970s. The killers were a pair of sadistic cousins. One confessed. The other was set to stand trial—until L.A. prosecutors flinched.
