State Coverage: Georgia

Fed Takes Action Against Two Banks

American Banker | Jan 31

The Federal Reserve on Tuesday announced two enforcement actions against two banks, the Bank of Bartlett in Tennessee and Capitol City Bancshares Inc. in Atlanta.

United Community in Georgia Profitable Again, Names New Director

American Banker | Jan 26

United Community Banks Inc. of Blairsville, Ga. is back in the black — again.

Regulators Seize Three Banks in First Failures of 2012

American Banker | Jan 20

In the first three closures of the year, regulators shuttered institutions in Georgia, Florida and Pennsylvania.

United Community to Restate Earnings; Shares Plunge

American Banker | Jan 06

Shares for United Community Banks Inc. tumbled Friday after the Blairsville, Ga., company said it would record an additional $166.9 million in a deferred tax asset valuation allowance.

PNC Completes Deal for Flagstar's Atlanta Branches

American Banker | Dec 12

PNC Financial Services Group Inc., of Pittsburgh, officially entered the Atlanta market over the weekend after closing a deal to acquire Flagstar Bancorp Inc.'s 27 branches there.

Georgia Bank Takes a Risk in Hopes of Survival

American Banker | Dec 02

In need of new capital, First Cherokee State Bank is looking to differentiate itself by opening a casual coffee house stocked with wealth advisors.

State Bank in Atlanta Boosts Earnings with FDIC Deals

American Banker | Nov 14

State Bank Financial Corp. in Atlanta reported that its third-quarter earnings nearly doubled from a quarter earlier, to $17.1 million, due largely to higher accretion on loans covered by loss-share agreements with the Federal Deposit Insurance Corp.

Regulators Close Small Georgia Bank

American Banker | Nov 10

State regulators closed the $62.4 million-asset Community Bank of Rockmart in Georgia on Thursday, the 88th failure this year.

Bank Buyers to Sellers: Get Real on Price

American Banker | Nov 10

Four community bankers on the hunt for acquisitions warned prospective sellers that they will have little say in how much they get paid.

Synovus Earns $15.7 Million, Ends String of Losing Quarters

American Banker | Oct 27

Aided by a sharp drop in problem loans, Synovus Financial Corp. in Columbus, Ga., reported a third-quarter profit of $15.7 million — its first quarterly profit in more than three years.

Three Southeast Failures Stretch Year's Toll to 83

American Banker | Oct 21

Two community banks in Georgia, and one in Florida, were closed late Friday at a cost of more than $130 million to the Federal Deposit Insurance Corp.

Colony in Georgia Makes Profit but Announces CEO Departure

American Banker | Oct 19

Colony Bankcorp Inc. in Fitzgerald, Ga., eked out a third-quarter profit, though it also announced Wednesday that its president and chief executive had resigned.

Four Failures Lift 2011 Total to 80

American Banker | Oct 14

State regulators closed three banks along the East Coast and one in Illinois on Friday night, bringing this year's failure tally to 80.

Small Bank Seeks Derivatives Relief from Congress

American Banker | Oct 12

The president of a small Atlanta-based bank testified to Congress on Wednesday that the derivatives provisions in the Dodd-Frank Act could hinder the bank's ability to manage risk and serve its clients.

United Community in Georgia to Record Special $25 Million Loan-Loss Provision

American Banker | Oct 12

United Community Banks Inc. in Blairsville, Ga., said it will record a special loan-loss provision of $25 million for the third quarter due to concerns over collateral associated with its largest loan relationship.