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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.
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Fri., October 28, 2011 4:09pm
Columbus-based banking giant Synovus this week reported its first quarterly profit in three years. While other obstacles loom, the company said it’s a milestone.
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Fri., September 23, 2011 1:42pm
Atlanta-based SunTrust bank has bought nearly $11 million of government-owned stock warrants that were part of the federal TARP program. The bank repaid $5 billion in federal aid in March, which covered the government’s preferred stock holdings. Thursday’s buyback is for a portion of the common stock warrants held by the Treasury Department.
