FDIC shutters another Georgia bank

WASHINGTON (AP) Regulators have closed banks in North Carolina, South Carolina, Georgia and Colorado, bringing to seven the number of closures in 2011 following last year's toll of 157 bank failures amid the limping economy and mounting bad loans.
The Federal Deposit Insurance Corp. on Friday took over the banks, the largest by far being United Western Bank, based in Denver, with $2.05 billion in assets.
Also seized were Bank of Asheville, based in Asheville, N.C., with $195.1 million in assets, CommunitySouth Bank and Trust, based in Easley, S.C., with $440.6 million in assets, and Enterprise Banking Co. of McDonough, Ga., with $100.9 million in assets.