An apropos name American United We are all failed now. by Soylent Green is People From the FDIC : American United Bank, Lawrenceville, Georgia, was closed today by the Georgia Department of Banking & Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. … As of August 11, 2009, American United Bank had total assets of $111 million and total deposits of approximately $101 million. … The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $44 million. … American United Bank is the 101st FDIC-insured institution to fail in the Nation this year, and the twentieth in Georgia. The last FDIC-insured institution closed in the state was Georgian Bank, Atlanta, on September 25, 2009. The banks are small, but the loss ratios are high! Two down already …

Read more here – Bank Failure #101: American United Bank, Lawrenceville, Georgia