by Calculated Risk on 8/19/2011 06:17:00 PM

A way down 'yonder
Finance stars, soon behind bars,
Down in Dixie Land
by Soylent Green is People
From the FDIC: Heritage Bank of the South, Albany, Georgia, Assumes All of the Deposits of First Southern National Bank, Statesboro, Georgia

As of June 30, 2011, First Southern National Bank had approximately $164.6 million in total assets and $159.7 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $39.6 million. ... First Southern National Bank is the 67th FDIC-insured institution to fail in the nation this year, and the seventeenth in Georgia.

The 17th failure in Georgia this year. Ouch.