2008-08-29 — bankimplode.com
Atlanta, GA-area Integrity Bank has been shut by the FDIC today, due to housing development-related losses. Affected were just under a billion in deposits. Regions Financial will assume the accounts. The FDIC estimates $250-350 million to cover the losses. See our article at BankImplode.
Rolfe Winkler has some remarks here.
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