Yet another bank has hit rock bottom.Haven Trust Bank outside Atlanta has been seized by state and federal bank regulators, marking the fifth failure in Georgia this year.
Winston-Salem, N.C.-based BB&T Corp., which is the fourth largest bank in the metro Atlanta area, takes over all deposits from Haven Trust, which compiled total assets of $572 million and total deposits of $515 million as of Dec. 8.
BB&T, which plans to acquire Haven Trust's three branches, noted total metro Atlanta deposits of $5.3 billion as of June 30, 2008.
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