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WASHINGTON — Regulators on Friday shut down two banks in Georgia, lifting to 42 the number of U.S. bank failures this year in the wake of a gutted economy and mounds of soured loans.
The Federal Deposit Insurance Corp. seized Atlantic Southern Bank, based in Macon, with $741.9 million in assets, and First Georgia Banking Co., based in Franklin, with $731 million in assets.
Denver Post staff and wire reports
