Regulators close 2 Georgia banks, 1 in Arizona

WASHINGTON (AP) — Regulators have shut down two banks in Georgia and one in Arizona, bringing to 146 the number of U.S. banks that have succumbed this year under the burden of bad loans and a tepid economy.

The Federal Deposit Insurance Corp. on Friday took over the two Georgia banks: Darby Bank Trust Co., based in Vidalia, with $654.7 million in assets, and Tifton Banking Co. of Tifton, with $143.7 million in assets. Also seized was Copper Star Bank, based in Scottsdale, Ariz., with $204 million in assets.

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