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‘Ring of Death’ Throttles Georgia as Small Banks Close: Economy

Georgia homebuilder Blankenship Homes lost its source of loans for new construction after four local community banks failed since 2009.

“The economy just shut down,” said owner Johnny Blankenship, 54, a builder for more than 30 years in Douglasville, 20 miles west of Atlanta. “We are just starting back to do a few homes. The economy is still very, very slow.”