The grand total this week is seven. After a brief stop in New York, the Grim Reaper went back to its favorite state -- Georgia -- and took out six more banks. Actually it took out a family of banks in Georgia. Everyone seems to be counting each bank as a failure so we won't rock the boat.
Here are the links:
All of the Georgia Banks were owned by Security Bank Corporation, Macon, Georgia. I think this puts Georgia far ahead in the state race for the most seized banks. Once we whittle down the number of banks in Georgia maybe we should consider a ban of say fifty years or so on any new charters for that state. What do you think?