Georgia

The former chief executive of a Georgia community bank that participated in the Troubled Asset Relief Program was sentenced to prison and fined $3.9 million for hiding the bank's past-due loans and committing other fraud.

Patricia Watson joined the board of the $19 billion-asset Texas Capital on Friday. Watson has been chief information officer at TSYS, a payments processor based in Columbus, Ga., since September.

There's nothing like the threat of a corporate relocation to prod government economic development officials into action.

The chief financial officer at Synovus Financial in Columbus, Ga., plans to retire later this year.

SunTrust Banks in Atlanta has committed $50 million to a credit facility for the online small-business lender Credibly.

Atlantic Capital Bancshares in Atlanta has formed a lending division to focus on the emerging film and entertainment industry in Georgia.

Zions Bancorp. has purchased the former Atlanta home of its chief financial officer, Paul Burdiss, for about $1.7 million.

The $465 million-asset bank in Athens, Ga., has named Rhodes McLanahan CEO and president.

United Community Banks in Blairsville, Ga., reported little change in its fourth-quarter profit, as costs from its acquisition of Palmetto Bancshares ate into lending revenue and fee income.

Synovus Financial in Columbus, Ga., reported a higher fourth-quarter profit on stronger interest and fee income.

Colony Bankcorp in Fitzgerald, Ga., has redeemed about a quarter of its shares in the Troubled Asset Relief Program.

Synovus Financial in Columbus, Ga., has offered to acquire up to $100 million of its outstanding subordinated debt.

The $560 million-asset holding company for SouthCrest Bank did not provide a reason for Kenneth Maloy's departure.

Atlantic Capital Bancshares in Atlanta has agreed to sell seven branches in Tennessee in two separate deals.

The $364 million-asset company named Steve Rownd to the positions, effective Jan. 1. Rownd will also be named president and CEO of FNB Bank.

Roy Barnes, a former Democratic governor of Georgia, and his brother have agreed to buy WestSide Bank in Hiram, Ga., for $3 million.

The $1 billion-asset Charter said in a press release Thursday that it will pay $58.8 million, or $20.50 a share for the $369 million-asset parent of Community Bank of the South.

Synovus Financial in Columbus, Ga., plans to issue $250 million in subordinated notes to fund potential acquisitions or refinance other debt.

Atlantic Coast Financial in Jacksonville, Fla., has agreed to sell a branch in Georgia to Queensborough National Bank & Trust in Louisville, Ga.

The New York firm on Thursday sold 3 million voting shares in the $9.4 billion-asset United Community to Morgan Stanley, which acted as the sole underwriter on the offering.