American Southern Bank of Kennesaw Fails - Another Georgia Bank Shut Down by Feds!

FDIC closed 4 banks on Friday.

"Heritage Bank, Farmington Hills, MI" , "American Southern Bank, Kennesaw, GA" ,"First Bank of Beverly Hills, Calabasas, CA" and "First Bank of Idaho, Ketchum, ID"

Till now 29 banks have failed this year and 54 from 2008.

Check the list of all the failed banks at :
http://portalseven.com/Failed-Banks-2009

And on google map see where the banks are failing at :
http://portalseven.com/finance/Failed_Banks_Map_2009.jsp

Some statistics about the bank failures :

American Southern Bank, Kennesaw, GA:
# 26th bank to fail this year in USA
# First bank from Michigan to fail this year and 2nd since 2008
# Has $112.3 million in assets and $104.3 million in deposits

Heritage bank, Farmington Hills, MI :
# 27th bank to fail this year in USA
# 5th bank from Georgia to fail this year and 10th since 2008
# Has $184.6 million in assets and $151.7 million in deposits
# Maximum banks failed in Georgia since 2008


First Bank of Beverly Hills, Calabasas, CA
# 28th bank to fail this year in USA
# 4th bank from California to fail this year and 9th since 2008
# Has $1.5 billion in assets and $1.0 billion million in deposits

First Bank of Idaho, Ketchum, ID
# 29th bank to fail this year in USA
# 1st bank from Idaho to fail since 2008
# Has $374 million in assets and $488 million in deposits


Check the layoffs happening at :
http://portalseven.com/Layoffs