3 Banks closed on May 20: Summit Bank, Burlington, Washington, was closed by the Washington State Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. Atlantic Southern Bank, First Georgia Banking Company closed by Georgia Department of Banking and Finance. CertusBank, National Association, Easley, South Carolina, acquired the banking operations of two Georgia banks. Now 54 Failed Institutions So Far in 2011: Now 54 failed institutions so far in 2011.”]
Source: https://www.inforisktoday.com/3-banks-closed-on-may-20-a-3667