"The state is home to just 4% of all U.S. banks, but 20% of the nation's bank failures since August. More banks have collapsed in Georgia than in any other U.S. state, even foreclosure-racked California and Florida. Six Georgia banks have been seized by regulators this year, burned by too much expansion in the past decade and bad real-estate bets."....
...."Georgia is basically the Chernobyl of banking right now; it's radioactive down there," said Camden Fine, head of the Independent Community Bankers of America, a trade group."
... Yahoo News/Wall Street Journal Article
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