Federal Deposit Insurance Corporation (FDIC) has closed four more banks in Georgia and California, The Wall Street Journal reports. Georgia-based Habersham Bank and Citizens Bank were acquired by the banking arms of SCBT Financial and Heritage Financial Group, respectively.California-based San Luis Trust Bank and Charter Oak Bank have been taken over by First California Financial Group and the banking subsidiary of Bank of Marin Bancorp respectively. The cost of the failures to the FDIC is estimated to be about $267.6 million.
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