The Federal Deposit Insurance Corporation (FDIC) has closed four U.S. banks, The Wall Street Journal reports. In Georgia, High Trust Bank and One Georgia Bank have been shut down.
Ameris Bancorp will acquire the deposits and assets of both the banks. The regulators also closed the First Peoples Bank of Florida, whose assets will be assumed by Premier American Bank, and Summit Bank of Arizona, whose deposits will be acquired by Foothills Bank.
Click here for the story from The Wall Street Journal.
Click here for the additional coverage from Reuters.