Skip to main content
Tuesday, December 29, 2009 - 3:45am

List Of Troubled Ga. Banks Grows

Updated: 4 years ago.
Five Small Georgia Banks needing to repair their finances and operations have been added to a list released by the FDIC.

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.