|Federal regulators are seeking to recover more than $18 million from the directors and officers of two failed Georgia banks.
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Friday’s Bloodbath Yields 8 Casualties (March 22, 2010)
On Friday, eight federally insured financial institutions were closed. Nearly $1.3 billion in losses are projected to the Deposit Insurance Fund as a result of Friday’s failures, which included three Georgia banks. No buyer was found for a Utah bank — impacting more than 100 employees.