Georgia

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Georgia’s Omni National Fails; 21st Bank Failure This Year 

Mar 30, 2009By

This pace of bank failures early this year makes one thing clear: there are going to be plenty more failures to come as this year rolls onward. Omni National Bank of Atlanta was seized by federal regulators late Friday, the 21st U.S. bank to fail this year, amid rising foreclosures and an unemployment rate that appears headed into double digits.

3d rendering of a row of luxury townhouses along a street

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