Buckhead Community Bank and Two Others Fail
Just as there seemed to be some improvement in the news on the economic front, the FDIC has closed three more Georgia banks on Friday. Georgia leads the nation this year in bank failures with a total of twenty-four. The list of failed banks includes Buckhead Community Bank and First Security National Bank, both Atlanta-based banks, and Tattnall Bank which is located in Reidsville. The FDIC helped broker the sale of the banks to other Georgia banks. Charlie Loudermilk, the founder of Aaron’s Rents, helped to start the Buckhead Community Bank was founded in 1998. Let’s hope that Georgia is not “number one” again next year.
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