Technology

10: Georgia’s Integrity Bank Fails 

The state of Georgia now has its second bank failure in the past year, after the 2007 failure of NetBank. Integrity Bank, based in Alpharetta, Georgia, was closed Friday afternoon by the Georgia Department of Banking and Finance, with the Federal Deposit Insurance Corp. named reciever. The bank had $1.1 billion in total assets and $974.0 million in total deposits as of June 30, the FDIC said. Birmingham, Alabama-based Regions Bank will assume all deposits, including those in excess of the FDIC’s $100,000 insurance limit.