The Federal Deposit Insurance Corporation (FDIC) has closed six more banks in Alabama, Minnesota, Mississippi and Georgia, The Wall Street Journal reports. Superior Bank, with about $3 billion assets, and Nexity Bank, with $793.7 million assets, both in Alabama, have been shut down.
Rosemount National Bank in Minnesota, with about $37.6 million assets, and Mississippi’s Heritage Banking Group, with $224 million assets, have also been closed. Georgia’s New Horizons Bank, with about $110.7 million assets, and Bartow County Bank, with $330.2 million assets, have failed.
Click here for the story from The Wall Street Journal.
Click here for the additional coverage from Reuters.