When small regional banks across the US falter, a federal task force can shut them down.
There were 157 bank failures in 2010. On February 9, 2011, the FDIC took bids for the acquisition of Georgia-based Habersham Bank. By 4:30pm, on Friday, February 18, members of the FDIC’s closing task force awaited orders to close the bank and notify its employees of its subsequent purchase by South Carolina Bank and Trust. These images follow the closing procedure.
