It's like clockwork. They always try to slip them in when no one is looking.
Regulators closed seven Friday, bringing the total number of failed U.S. banks and savings and loan associations during 2009 to 64.
The New York State Banking Department took over Waterford Village Bank of Clarence, N.Y. and appointed the Federal Deposit Insurance Corp. receiver. The FDIC sold all of the failed bank's deposits and branches to Evans Bank of Angola, N.Y., a subsidiary of Evans Bancorp.
The Georgia Department of Banking and Finance then closed the six banks held by Security Bank Corp(SBKC Quote) of Macon, Ga. The FDIC was appointed receiver and sold the deposits and branches of all six failed banks to State Bank and Trust Co. of Pinehurst, Ga.
What is it about Georgia and bank failures?