Yesterday three Georgia Banks have been shut down by Federal regulators.
This year most of the banks that has been closed by the FDIC were located in Georgia.
Tatnall Bank of Reidville, First Security National Bank in Norcross, and Buckhead Community bank in Atlanta have been seized by FDIC.
On Wednesday it has been announced by Bank of America that it will pay back the $45 billion it received from the Troubled Assets Relief Program, or TARP.
In response to the positive news from America’s largest bank both the U.S. dollar and euro has shown a rise.
The announcement has highlighted the speedy recovery of U.S. banks that received bailout funds.
