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Friday sees two bank failures in Georgia and two in California.
The pace of bank failures is likely to hold up through the first half of 2011, since the number of undercapitalized banks has increased from last quarter.
The boards of directors of Bay Commercial Bank (OTCBB:BCML) and Charter
Oak Bank (OTCBB:CHOB) announced that Bay Commercial Bank has agreed to
acquire Charter Oak Bank in an all-stock transaction by issuing 0.
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