An Illinois real estate company has purchased the former Cooper Tire and Rubber Company plant in Albany for $8.5 million.
Court records say the transaction between Cooper and Hilco Real Estate LLC of North Brook, Illinois, was completed September 29th.
Banking regulators have told a relatively well-performing Savannah bank to reduce its troubled assets.
The agreement between the The Savannah Bank and the Office of the Comptroller of the Currency reflects just how far Georgia banks have to recover from the Great Recession.
One of northwest Georgia's largest carpet companies has announced that it will close a manufacturing facility in Dalton, known for decades as the nation's carpet capital.
The Daily Citizen reports that the closing of Shaw's plant on Riverbend Drive will result in 270 layoffs.
Federal regulators are suing 11 insiders at a failed Georgia bank, accusing them of gross negligence.
The Federal Deposit Insurance Corp. accuses the executives and directors of Alpha Bank & Trust, in Alpharetta, of sloppy lending practices.