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Regulators Close TN Bank, Two in Other States

WASHINGTON (AP) — Federal regulators have seized 3 banks, one each in Florida, Georgia and Tennessee, bringing to 31 the number of U.S. banks that have failed so far this year.
The Federal Deposit Insurance Corp. said Friday that it closed Putnam State Bank in Palatka, Fla., Security Exchange Bank, in Marietta, Ga., and The Farmers Bank of Lynchburg, in Lynchburg, Tenn.
(Note: The Tennessee Department of Financial Institutions news release on the Lynchburg bank is at the end of this post.)
The FDIC lined up other lenders to assume the deposits and assets of each of the banks.

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