Regulators shut down six more banks - KWWL - Eastern Iowa Breaking News, Weather, Closings

Regulators shut down six more banks

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 WASHINGTON (AP) -- Regulators have shut down three Georgia banks and one each in New Jersey, Ohio and Wisconsin.  This boosts U.S. bank failures this year to 125, amid the tough economic climate and growing loan defaults.

Friday, the Federal Deposit Insurance Corp. took over the Georgia banks: Bank of Ellijay, with $168.8 million in assets; First Commerce Community Bank of Douglasville, with $248.2 million in assets; and Peoples Bank, based in Winder, with $447.2 million in assets.

The FDIC also seized ISN Bank in Cherry Hill, N.J., with $81.6 million in assets; Bramble Savings Bank of Milford, Ohio, with $47.5 million in assets; and Maritime Savings Bank, based in West Allis, Wis., with assets of $350.5 million.

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