Fri., March 8, 2013 8:40pm
Regulators have closed a small bank in Georgia, bringing the total number of U.S. bank closures to four for this year after 51 closures in 2012. The Federal Deposit Insurance Corp. said Friday that state regulators closed Frontier Bank of LaGrange, Ga. It has nine branches in Georgia and Alabama.
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.
Sat., January 12, 2013 12:00pm
Seven former officers of a failed Georgia bank, including its ex-president, have been indicted on federal bank fraud charges.
Tue., March 6, 2012 7:28pm
Federal bank regulators have sued 12 former directors and officers of a failed Georgia bank that collapsed less than six years after it was formed. The Federal Deposit Insurance Corporation accuses the operators of Freedom Bank of Georgia in Commerce in a lawsuit filed Monday of aggressive lending practices that focused too much on high-risk loans.
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.
Mon., January 24, 2011 9:54am
Georgia leads the nation in bank failures with its second bank closing this year in McDonough.
Wed., January 19, 2011 3:34pm
State Senator Republican Jack Murphy says he’s innocent of federal charges brought against him. The FDIC is suing him and others who sat on the board of a failed local bank. The civil lawsuit alleges the bank violated banking laws.
Wed., January 19, 2011 8:52am
Federal banking regulators are suing eight former officials from a failed Alpharetta bank, including a state senator just named head of the Senate Banking Committee.
Mon., October 25, 2010 9:19am
The two most recent failures are the first in the state since three were closed in mid-September.
Fri., January 1, 2010 4:47pm
The news caps off a dismal year for Georgia banks