Ga., Fla. bank failures raise year's tally to 135

Marketwatch
By Wallace Witkowski
SAN FRANCISCO (MarketWatch) -- Two bank failures in Florida and one in Georgia have raised 2010's tally to 135, according to the Federal Deposit Insurance Corp. on Friday. The Gordon Bank of Gordon, Ga., Tampa's Progress Bank of Florida, and First Bank of Jacksonville were closed by regulators. The total cost to the FDIC's deposit insurance fund for the three failures is $50.2 million.

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