Integrity Bank

Who: Integrity Bank

What: 10^th bank failure of 2008 (Aug. 29, 2008)

Where: Alpharetta, Georgia

Why: Funded construction in Atlanta's northern suburbs, which backfired because of the real estate crisis.

Fast Facts: All deposits of Integrity Bank were acquired by Regions Bank, which agreed to pay a total premium of 1.012 percent for the failed bank's deposits; as of June 30, 2008, Integrity Bank had $1.1 billion in total assets and $974 million in total deposits; Integrity is second bank to fail in Alpharetta, Georgia since 2007, and the third largest bank failure in Georgia history; appeared on a list of 25 troubled banks across the country published by SNL Securities in June.

View the press release

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