Bank Failures in 2012 Reach 50 as FDIC Closes Hometown Community Bank

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Hometown Community Bank, located in Braselton, Georgia, was closed down by the FDIC on Nov. 16. This bank closure is the third in the month of November, and brings the total number of failed banks in 2012 to 50.

11/16/2012 *** GA *** Braselton *** Hometown Community Bank *** $36.7 million dollar estimated FDIC DIF cost.- FDIC

The total DIF for failed banks this week is $36.7 million.

If you were banking at Hometown Community Bank in Braselton, Georgia, you are now banking at CertusBank, N. A..

For more on the FDIC bank closure lists you can go to the FDIC website and search through their report of failed banks, credit unions, and Trusts.

In 2011, there were a total of 92 banks that went into receivership, were merged with another financial institution, or closed their doors entirely.

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