US shuts down three more banks.
The failures have increasingly been smaller institutions, with less than $1 billion in assets. The FDIC announced the following closures on Friday:
*American Trust Bank of Roswell, Georgia; had assets of about $238.2 million; Renasant Bank of Tupelo, Mississippi, will assume the deposits.
* North Georgia Bank of Watkinsville, Georgia; had assets of about $153.2 million. BankSouth of Greensboro, Georgia, will assume the deposits.
* Community First Bank of Chicago; had assets of about $51.1 million. Northbrook Bank and Trust Co of Northbrook, Illinois, will assume the deposits.- Reuters
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