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Regulators Close Georgia Bank
Regulators Friday closed Alpha Bank & Trust of Alpharetta, Ga., in what was the 16th U.S. bank or thrift failure this year and the second in Alpharetta.
The Georgia Department of Banking and Finance closed the institution, and the Federal Deposit Insurance Corporation was appointed receiver.
The FDIC announced Alpha Bank & Trust's two offices would reopen as branches of Stearns Bank, NA, a $1 billion institution with headquarters in St. Cloud, Minn. ...
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