New bank failures for the week of April 27 include Georgia's American Southern Bank, First Bank of Idaho, First Bank of Beverly Hills and Michigan Heritage Bank bringing the total number of institutions shuttered by regulators this year to 29.
All 54 bank failures since the beginning of 2008 are detailed on TheStreet.com's interactive bank failure map:
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Bank of North Georgia, a subsidiary of Synovus Financial (SNV Quote), acquired all of American Southern's retail deposits. US Bancorp (USB Quote) bought First Bank of Idaho's deposits. Level One Bank, a subsidiary of Michigan Heritage Bancorp (MHBC Quote), bought all of Michigan Heritage Bank's retail deposits. ...
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