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WASHINGTON — Regulators on Friday shut down a small bank in Georgia, the third closure of 2011 following last year’s toll of 157 banks brought down by the weak economy and soured loans.
The Federal Deposit Insurance Corp. took over Ogle thorpe Bank of Brunswick, Ga., with $230.6 million in assets and $212.7 million in deposits. Bank of the Ozarks, based in Little Rock, Ark., agreed to assume the assets and deposits of the failed bank.
