Eastside Commercial Bank became the first bank closure of the year in Georgia early Friday afternoon.<br />
According to a release by the Federal Deposit Insurance Corporation, the Georgia Department of Banking and Finance closed the small bank that had long been on a watch-list of troubled banks.<br />
The bank's two branches, located in Conyers and Duluth, have been acquired by Atlanta-based Community and Southern Bank, while Macon-based State Bank and Trust has purchased Eastside's outstanding loans.<br />
The FDIC estimates that the move will cost the Deposit Insurance Fund approximately $33.9-million.<br />
The agency it was the 13th bank failure nationwide this yeare.
North Georgia's sunny sky and comfortable temperatures brought out the visitors Saturday to the 20th Annual 'Day at the Fort' at Fort Hollingsworth, nestled in the rolling Banks County countryside near Alto.