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.
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.
Tue., July 26, 2011 3:12pm
State Bank and Trust ranked number one by industry magazine. Bank Director Magazine says the bank is strong in assets, capital and profitability. State Bank has taken over ten failed Georgia banks in the last two years.
Thu., May 19, 2011 2:55pm
Community banks across the state are signing up for a federal program that gives incentives for lending to small businesses. It comes at a time when banks are struggling to find capital.
Thu., February 24, 2011 5:31pm
Two-thirds of the Georgia’s banks had improved earnings in 2010 and fewer institutions operated in the red, according to the fourth-quarter banking profile from the Federal Deposit Insurance Corporation. Georgia banks lost $1.6 billion in 2010, less the half their losses in 2009. But nationwide, banks made more than $87 billion altogether last year.
Mon., October 25, 2010 9:19am
The two most recent failures are the first in the state since three were closed in mid-September.
Wed., May 12, 2010 3:41pm
Georgia bank examiner positions are being left vacant because of a tight bu
Tue., December 29, 2009 8:45am
Five small Georgia banks have been added to a list of those needing to repa
Sat., December 5, 2009 11:34am
The FDIC seized Tatnall Bank of Reidville, First Security National Bank in