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: Georgia Bankruptcy BlogAnother Georgia Bank Seized: Duluth-Based Haven Trust Bank
By Scott Riddle
From the Atlanta Business Chronicle, "Duluth-based Haven Trust Bank was seized by state and federal bank regulators late Friday, as the fifth failure in Georgia this year and the second in as many weeks. Winston-Salem, N.C.-based BB&T Corp. (NYSE: BBT) will assume all deposits from Haven Trust, which had total assets of $572 million and total deposits of $515 million as of Dec. 8. The deal bolsters the local deposit base of BB&T, the fourth largest bank in metro Atlanta."
Here is the FDIC Notice. This makes it the fifth Georgia bank seized by regulators.
Full post as published by Georgia Bankruptcy Blog on December 13, 2008 (boomark / email).
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