Regulators close Frontier Bank, marking 4th bank closure of 2013

Canadian Press, The Canadian Press
0 Comments| March 8, 2013

WASHINGTON - Regulators have closed a small bank in Georgia, bringing the total number of U.S. bank closures to four for this year after 51 closures in 2012.

The Federal Deposit Insurance Corp. said Friday that state regulators closed Frontier Bank of LaGrange, Ga. It has nine branches in Georgia and Alabama, and about $258.8 million in assets and $224.1 million in deposits.

© The Canadian Press, 2013

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