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2 more Georgia banks fail | Business

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2 more Georgia banks fail
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ATLANTA -- Two banks in northern Metro Atlanta were closed Friday by the Federal Deposit Insurance Corporation.

Atlanta-based Georgia Commerce Bank will acquire banking operations, including deposits, of Patriot Bank of Georgia in Cumming and CreekSide Bank in Woodstock.

Due to the Labor Day holiday, all branches of the two banks will reopen as branches of Georgia Commerce Bank on Tuesday, Sept. 6.

The FDIC estimates that the costs to the Deposit Insurance Fund will be $44.4 million for Patriot Bank of Georgia and $27.3 million for CreekSide Bank.

The closings are the 69th and 70th FDIC-insured banks to fail in the U.S. so far this year, and the 18th and 19th in Georgia.

The FDIC set up websites where customers of both banks can get more information about the closings:

*Patriot Bank of Georgia
*CreekSide Bank

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