Fri., May 10, 2013 6:43pm
Regulators say they have closed banks in North Carolina and Georgia, bringing the number of U.S. bank failures to 12 this year. The Federal Deposit Insurance Corp. on Friday seized Pisgah Community Bank, based in Asheville, N.C., and Sunrise Bank, based in Valdosta, Ga.
Mon., April 29, 2013 11:00am
A metro Atlanta bank is being fined $25,000 by federal authorities who say the bank discriminated against borrowers by publishing marketing materials exclusively in Asian languages. The bank did not admit to any violations by consenting to the fine.
Fri., April 26, 2013 7:29pm
Regulators say they have closed banks in Georgia and North Carolina, bringing the number of U.S. bank failures to 10 this year. The Federal Deposit Insurance Corp. on Friday seized Douglas County Bank, based in Douglasville, Ga.
Mon., January 28, 2013 6:00am
The Federal Deposit Insurance Corporation filed a civil complaint Friday against 11 former executives of the First National Bank of Georgia in Carrollton for negligence in their oversight.
Mon., January 2, 2012 2:41pm
The federal government is working to wind down the bank-rescue called the Troubled Asset Relief Program. Three Georgia banks have repaid the government’s investment, but roughly two dozen still have not. And 2011 was a rough year for Georgia banking, with regulators shuttering 23 institutions, the most in the nation.
Mon., October 10, 2011 7:43am
Federal regulators are suing 11 insiders at a failed Georgia bank, accusing them of gross negligence. The Federal Deposit Insurance Corp. accuses the executives and directors of Alpha Bank & Trust, in Alpharetta, of sloppy lending practices. The Atlanta Journal-Constitution reports the lawsuit seeks $23.9 million in damages.
Sat., September 3, 2011 8:47am
Regulators have closed two small banks in Georgia, bringing the total number of closures in the state this year to 19. Nationwide, the Federal Deposit Insurance Corp. has closed 70 banks.
Tue., August 23, 2011 4:03pm
Federal banking regulators want former officials of Atlanta-based Silverton Bank to pay $71 million in damages following Georgia's largest bank failure. Silverton went belly up two years ago. Now, the Federal Deposit Insurance Corporation alleges, former bank officials followed lax lending policies and bought lavish airplanes and posh buildings while their bank verged on collapse.
Wed., August 10, 2011 8:43am
The proliferation of bank failures in Georgia has drawn the attention of Congress. The House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit will host a hearing in Newnan on Aug. 16. U.S. Rep. Lynn Westmoreland says the hearing will focus on the impact regulations may be having on community banks.
Thu., July 21, 2011 4:13pm
Georgia Rep. Lynn Westmoreland wants the Federal Deposit Insurance Corp. to take a closer look at how it goes about closing banks. Westmoreland said agency regulators have flexibility in how they work with banks that might be in trouble, but they are not using it out of fear they will back a bank that still ends up failing. The north Georgia congressman said he worries the FDIC is closing community banks that could ultimately survive with some help.