Two banks in California, 1 in Georgia are closed

By John Letzing, MarketWatch

Last update: 4:41 p.m. EST Feb. 8, 2009
 

SAN FRANCISCO (MarketWatch) -- Regulators shut two banks in California and one in the Atlanta area on Friday, bringing the number of U.S. failures this year to nine, while marking the 34th collapse since the recession began.

FirstBank Financial Services, (FBFS 0.05, +0.03, +150.0%) McDonough, Ga., Alliance Bank of Culver City, Calif., and County Bank, Merced, Calif., were seized, according to the Federal Deposit Insurance Corp.

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