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.
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.
Wed., November 3, 2010 9:11am
Republicans celebrated big wins across the state last night with a few exceptions.
Tue., February 2, 2010 4:15pm
In response, GA GOP Congressman Says Oxendine is trying to shake him down p
Fri., November 27, 2009 10:49am
Senator Saxby Chambliss is leading a congressional delegation from Georgia
Mon., November 2, 2009 9:12am
At a Congressional hearing at the Georgia State Capitol, there’s no promise