It’s another no-sale for a downtown Augusta landmark. Downtowners in the know say it’s not a bad thing it didn’t sell, Tuesday.

Federal regulators say the deposit insurance fund could be running a deficit by tomorrow because of the weight of recent bank failures.

The Federal Deposit Insurance Corp. has named the first winning bidder under a test of the government’s program to back private purchases of toxic mortgage assets and get them off banks’ balance sheets.

Regulators have shut down First Piedmont Bank in Georgia, the 54th federally insured bank to fail this year.

The Federal Deposit Insurance Corp. has ordered four banks in Georgia to raise capital, clear bad loans off the books and improve lending practices.

Regulators have shut down Silverton Bank in Georgia and set up a temporary government-controlled bank until a buyer can be found. It was the 30th bank failure this year in the U.S.

It’s an update on to the FirstCity Bank that closed, without warning, last week in Gibson, Georgia. Thousands of bank customers were outraged after the FDIC seizure, but Tuesday, some good news surfaced. Count on WJBF News Channel 6’s Fraendy Clervaud for the story.

Another Georgia bank is being seized by the FDIC. Earlier this month, Freedom Bank of Georgia was shut down. Those locations became branches of Northeast Georgia Bank. Now, FirstCity Bank is the latest to be taken over by the government. There are three branches in the peach state, including one about 50 miles away, in Gibson…that’s in Glascock County, southwest of Thomson. WJBF News Channel 6’s Sheena Bodie has the story.

Sunday a town hall meeting was held by the FDIC, to answer questions of those customers who banked at First City Bank of Gibson, which was shut down on Friday. Count on WJBF News Channel 6’s Barclay Bishop for more information.

Our news partner WTHO Radio in Thomson Georgia confirms that First City Bank has been seized by the Government.  A town hall meeting is scheduled for Sunday at 3 pm at the Glascock County High School Auditorium.  In the meantime, customers will not have access to their money.  Checks will go out to customers to cover their accounts under the new 250 thousand dollar FDIC insurance max.

The nation’s banks lost $26.2 billion in the last three months of 2008, the first quarterly deficit in 18 years, as the housing and credit crises escalated.

Treasury Secretary Timothy Geithner is meeting with top government officials to develop the administration’s plan for overhauling the $700 billion bailout program and improve regulation of the financial system.