FDIC Regulators shut down Central Bank of Georgia in Ellaville, Ga., marking the 10th bank...

|By:, SA News Editor

FDIC Regulators shut down Central Bank of Georgia in Ellaville, Ga., marking the 10th bank failure of 2012. Ameris Bank of Moultrie, Ga., will assume all deposits of the failed bank, totaling over $266.6M. The FDIC also entered into a loss-share transaction with Ameris Bank on $192.8 million of Central Bank of Georgia's assets.