Bad Loans Shrink at Georgia's Atlantic Coast, But 3Q Loss Rises

For the first time in more than two years, nonperforming assets at Atlantic Coast Federal Corp. in Waycross, Ga., went down.

Failures in Triple Digits After 7 Banks Fall

Failures in 2009 shot past the 100-mark late Friday as regulators swooped into seven community banks in the Midwest and southeast.

Georgia Bank Sees Loan Trouble Peaking

Though United Community Banks continued to suffer worse-than-expected loan losses in the third quarter, it offered an optimistic outlook on a conference call Friday.

$2B Asset Georgian Bank Collapses

Regulators closed the $2 billion-asset Georgian Bank in Atlanta on Friday, the industry's 95th failure of the year.

Georgia Bank Says Survival in Doubt

In belatedly filing its second-quarter results with the SEC this week, Appalachian Bancshares said that its bank unit is undercapitalized and that it is uncertain ...

Out $40 Million, an Investor Reflects on a Rare Miss

As FSI Group LLC prepared to pour $40 million into Security Bank Corp. last year, it considered what it thought would be the worst-case scenario.

In Georgia, Step One is Resolution; Step Two: Roll-Up

Though the seizure of Security Bank's six banks did nothing to change Georgia's reputation as a failure hub, many are calling the resolution the best ...

Georgia Bank Expects to Satisfy Order

Though its nonperforming loans grew dramatically in the second quarter, Appalachian Bancshares in Ellijay, Ga., said it expects to bring in enough capital to satisfy a ...

United Community Swings to Loss

With loan trouble continuing to escalate, United Community Banks in Blairsville, Ga., swung to a $23.1M operating loss in the second quarter, from a $7.1M ...

Yearly Failure Total Hits 55

Two small-bank failures late Friday brought the year’s total to 55. State regulators closed $275 million-asset BankFirst, and $115 million-asset First Piedmont Bank.

Capital's Not the Half of It: Woes of Start-Ups

A handful of bank start-ups have managed to overcome tight capital markets, increased regulatory scrutiny and a soured public perception of the banking industry, and the organizers who have succeeded say it has not been easy.

Investment Banker Starts Firm to Recapitalize Banks

Lee Bradley, who has spent much of the last two decades raising start-up capital for banks, is turning his energies to recapitalizing them.

Stars Align for M&A on Gulf Coast

Analysts said Iberiabank likely has a plan for all that capital it just raised and they see the move as a signal of a potential failure spree on the way. The Louisiana company took in $143 million this week, on top of $110 million in December.

'09 Failures Up More Than 10% in One Night

Regulators Close 5 Banks; Worst Single Evening Since 1992

While all the banks were relatively small, their estimated total cost to the Deposit Insurance Fund was not: $265 million.