Capital Gold Group Report: Alpha Bank of Georgia Closed Down
16th Bank to Close - Depositors to Lose Millions
ALPHARETTA, Ga. (Oct. 24) - Georgia has shut down a failed suburban Atlanta bank.
It will be business
as usual for most of the bank's customers because they are covered by
FDIC insurance. But 59 of Alpha's bank accounts whose assets total $3.1
million exceed the federal limit
of $250,000.
It is the 16th FDIC-insured bank closure this year in the U.S. and the most recent in Georgia since August.
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