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List Of Troubled Ga. Banks Grows
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Five small Georgia banks have been added to a list of those needing to repair their finances and operations.
Those banks on a list released by the FDIC are First Bank of Dalton ; Bank of Ellijay; Piedmont Community Bank in Gray; Ringgold’s Northwest Georgia Bank, and High Trust Bank in Stockbridge.
The banks are under orders to shore-up balance sheets and cut the number of bad loans on the books.
One of those institutions, Piedmont Community, has $26 million in severely delinquent loans, compared to only $6 million a year ago.
Tags: FDIC, Georgia banks, Bank of Ellijay, finances, First Bank of Dalton, Hightrust Bank, Piedmont Community Bank, Ringgold's Northwest GA Bank
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