Georgia

State Bank Financial in Atlanta reported strong loan growth and lower expenses in the first quarter, but its overall profit fell 38% from the same period last year due what it describes as the "inherent volatility" related to the accounting of failed-bank acquisitions.

United Community Banks (UCBI) in Blairsville, Ga., reported a profit of $8.5 million in the first quarter as lower expenses and 31% jump in fee-based revenues from the prior year more than offset slightly weakening asset quality.

United Community Banks (UCBI) in Blairsville, Ga., has registered the preferred shares it issued to the Treasury Department as part of the Troubled Asset Relief Program for potential resale, a key step for banks that want to be included in any upcoming auctions of Tarp shares.

State regulators closed two banks on Friday, bringing the year's tally to 15. The two failures, in Georgia and Illinois, are expected to cost the Deposit Insurance Fund $ 95.6 million.

Savannah Bancorp Inc. in Georgia said that one of its bank has entered into a consent order with regulators and now must work to maintain capital levels and reduce problem assets.

WASHINGTON — The failure of Global Commerce Bank in Doraville, Ga., late Friday was estimated to cost the Federal Deposit Insurance Corp. nearly $18 million.

James E. Young, the longtime president and chief executive of Citizens Trust Bank in Atlanta, died on Monday after a brief battle with cancer. He was 62.

Two banks failed on Friday, with the Federal Deposit Insurance Corp. only finding a buyer for one of the fallen institutions.

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

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

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.

Synovus Financial Corp. President and Chief Executive Kessel D. Stelling will take on the additional title of chairman when Richard E. Anthony steps down from the position on Jan. 1.

The $293 million-asset Southwest Georgia Financial Corp. wants to expand in Valdosta, Ga., and other key markets.

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.

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 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.

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

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

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.