Global Commerce Bank of Doraville, Georgia becomes the 12th failed bank of the year. As of Dec....

|By:, SA News Editor

Global Commerce Bank of Doraville, Georgia becomes the 12th failed bank of the year. As of Dec. 31, Global Commerce had about $143M in total assets and $116M in total deposits. Metro City Bank, also of Doraville, Georgia, will assume all deposits and puchase about $79M of the failed bank's assets. The FDIC will retain the remainder.