Tue., December 11, 2012 5:28pm
Bank failures in Georgia have slowed for the first time since the beginning of the recession. That’s welcome news for investors and others because Georgia leads the nation in bank failures.
Fri., July 6, 2012 7:01pm
Federal regulators have closed a small bank in Georgia, bringing the number of U.S. banks that have failed so far this year to 32. The Federal Deposit Insurance Corp. said Friday that it seized Montgomery Bank & Trust, based in Ailey.
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., August 22, 2011 8:51am
On Friday, Georgia suffered its 17th bank failure this year. Federal regulators shut-down Statesboro-based First Southern National Bank. It was sold to Albany-based Heritage Bank of the South. Georgia leads the nation with 68 bank failures since the middle of 2008.
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.
Mon., February 21, 2011 9:23am
Another two Georgia banks were seized into last weekend by regulators, including one of northeast Georgia’s oldest financial institutions. Habersham Bank and Citizens Bank of Effingham were both closed.
Mon., November 29, 2010 3:01pm
Bank failures could increase in 2011. Bad loans in commercial sector becoming a problem. Small community banks hardest hit.
Sat., March 27, 2010 10:21am
Regulators have shut down two Georgia banks bringing to 41 the number of ba
Fri., January 1, 2010 4:47pm
The news caps off a dismal year for Georgia banks