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Regional Banks in Georgia, Texas fail

State regulators closed local banks in Georgia and Texas Friday, bringing the total number of failed banks this year to 25.The Federal Deposit Insurance Corp. said that the sole branch of Sanderson, Texas-based Sanderson State Bank will reopen Monday as a branch of The Pecos County State Bank.Sanderson State Bank had total assets of $37 million and total deposits of $27.9 million.The FDIC estimates... [read more]


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