FDIC shuts down bank behind Landmark Hotel

Bad news got worse for Halsey Minor, owner of the Landmark Hotel on the Downtown Mall.

Today, the Federal Deposit Insurance Corp. (FDIC) announced that it will not sell the Atlanta-based Silverton Bank, from which Minor took out a $23.7 million loan to finance the hotel, and will stop efforts to find eligible buyers.

On May 1, the FDIC had seized the failing bank with the hope of finding buyers.

For a timeline of the Landmark Hotel, click here.

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