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FDIC closes small bank in Georgia

By Washington Examiner
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WASHINGTON (AP) — Federal regulators have closed a small bank in Georgia, bringing the number of U.S. banks that have failed so far this year to 32.

The Federal Deposit Insurance Corp. said Friday that it seized Montgomery Bank & Trust, based in Ailey. The bank, which had two branches, had about $173.6 million in assets and $164.4 million in deposits as of March 31.

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