Weekly Bank Failure Update

This past week bore witness to 6 additional bank failures brining the total to 158 banks failed in 2010 so far.  The state of Georgia was hit the worst losing 3 of the 6 banks; United Americas Bank in Atlanta, Appalachian Community Bank in McCaysville and Chestatee State Bank in Dawsonville.  The other banks that failed were; Community National Bank in Lino Lakes MN, First Southern Bank in Batesville AZ and The Bank of Miami in Coral Gables FL.