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Hoschton, Ga.-based Hamilton State Bancshares Inc. unit Hamilton State Bank assumed all deposits of Douglasville, Ga.-based Douglas County Bank, at a 0.5% premium, in an FDIC-assisted transaction, after the latter was shut down by the Georgia Department of Banking and Finance on April 26.
This marks the fourth government-brokered deal by Hamilton State Bank since April 2011, according to SNL records.
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