Bank Failure Friday: South GA Edition

Well, yesterday was Friday.  You know the drill:

Vidalia-based Darby Bank & Trust Co. and Tifton Banking Co. of Tifton were seized and sold to Ameris Bank. The branches of each institution will reopen during normal business hours as branches of Ameris, according to the Federal Deposit Insurance Corp.

Darby Bank and Tifton Banking are the 47th and 48th banks to fail in Georgia since August 2008. The state has lost 18 banks so far this year.

Darby Bank had $654.7 million in assets and $587.6 million in deposits when it failed, according to the FDIC. Tifton Banking had $143.7 million in assets and $141.6 million in deposits when it was closed.

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