Local bank fails, will reopen under different name - WRCBtv.com | Chattanooga News, Weather & Sports

Local bank fails, will reopen under different name

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DALTON, WHITFIELD COUNTY, TN (WRCB) -- Some folks who do their banking in Dalton Will be banking with a new company come Saturday.

The First Georgia Banking Company was closed today by the Georgia Department of Banking and Finance.

It appointed the FDIC as receiver for the institution. Beginning Saturday, Certusbank will take over banking operations.

Deposits will continue to be insured by the FDIC.

The closing is the 42nd FDIC insured institution to fail nationwide so far this year.

Click here to read more information about bank closures from the FDIC.

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