From the Atlanta Business Chronicle, Integrity Bank Fails, Bought By Regions Financial:

Integrity Bank’s skyrocket run as the fastest-growing bank in Georgia history, fueled by housing construction, has ended in failure.

Birmingham, Ala.-based Regions Financial Corp. (NYSE: RF) late Friday acquired the deposits for the Alpharetta, Ga.-based community bank in the 10th bank U.S. bank failure this year, according to a late Friday press release from the Federal Deposit Insurance Corp.  Integrity Bank operates five branches in metro Atlanta, primarily in the city’s affluent north suburbs….

Regions Financial is also buying $34.4 million in cash and other assets from the failed bank.  The FDIC estimates the cost to liquidate bad assets it assumes from Integrity Bank will be $250 million to $350 million.

See also, Linginfelter Makes Mark With Integrity Acquisition.