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Hey hey, it’s a $273.5M Macon bank failure

Hey hey, it's a $273.5M Macon bank failure
May 23, 2011 --

Not even Davy Jones could keep Atlantic Southern Bank from closing Friday, costing federal insurers $273.5 million. Nor could the ex-Monkee, hired as the bank’s spokesman in 2008, draw attention away from improper transfers of cash by the bank’s holding company.