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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (66962)	3/3/2012 6:57:02 PM
From: Hope Praytochange	3 Recommendations Respond to of 103300

By Laura Mandaro SAN FRANCISCO (MarketWatch) -- Global Commerce Bank of Doraville, Georgia has been closed by the Georgia Department of Banking and Finance, the Federal Deposit Insurance Corp. said late Friday. It was the 12th failed bank of the year. The FDIC entered into a purchase and assumption agreement with Metro City Bank, also of Doraville, Georgia, to assume all of the deposits of Global Commerce Bank. As of Dec. 31, Global Commerce had about $143.7 million in total assets and $116.8 million in total deposits. Metro City has agreed to assume all the deposits of the failed bank and puchase about $79 million of the failed bank's assets. The FDIC will retain the remaining assets.