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Markets

Georgia Bank Is 104th U.S. Failure Of The Year

By John Letzing

Published July 30, 2010

| MarketWatch Pulse

SEATTLE -- Acworth, Ga.-based NorthWest Bank and Trust was closed by regulators Friday, marking the 104th U.S. bank failure of 2010. NorthWest Bank and Trust had $167.7 million in assets and $159.4 million in deposits as of March 31, the Federal Deposit Insurance Corp. said in a statement. The Georgia bank's failure will cost the deposit-insurance fund $39.8 million, the FDIC said.

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