Georgia

Fiserv Inc. said Thursday that Georgia's Own Credit Union in Atlanta will use its Acumen account processing technology.

Four bank failures book-ended the country on Friday. The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.

Heritage Financial Group Inc. in Albany, Ga., said Monday that it swung to a $922,000 profit in the fourth quarter from a $1.7 million loss a year earlier.

Repeating a familiar pattern of recent years, banks failed Friday in Georgia and Illinois. Two were closed in Georgia; another, in Chicago, was the city's first failure of 2011.

Repeating a familiar pattern of recent years, banks failed Friday in Georgia and Illinois. Two were closed in Georgia; another, in Chicago, was the city's first failure of 2011.

Atlantic Coast Federal Corp. in Waycross, Ga., said late Monday that it would raise about $17.1 million in its mutual-to-stock conversion.

Fidelity Southern Corp. in Atlanta returned to full-year profitability after earning $3 million in the fourth quarter. The $1.91 billion-asset company lost $3.9 million in 2009 but earned $10.1 million last year.

Colony Bankcorp Inc. in Fitzgerald, Ga., is closing in on break-even quarterly results. The $1.3 million-asset company on Friday reported a fourth-quarter loss of $47,000, compared with a $14.6 million loss a year earlier.

Despite having private-equity commitments, the $2 billion-asset United Western Bank in Denver failed Friday. Regulators also closed banks in the Carolinas and Georgia.

The Federal Deposit Insurance Corp. is targeting directors and executives of another failed bank, but this time the agency has a guilty plea to back its claims of mismanagement.

Regulators Friday closed the $231 million-asset Oglethorpe Bank in Brunswick, Ga., the third failed institution in 2011.

Atlantic Coast Federal Corp. in Waycross, Ga., said it expects to report a fourth-quarter loss of up to $5.5 million.

United Community Banks Inc. in Blairsville, Ga., is deferring interest payments on its trust-preferred securities at the urging of the Federal Reserve.

PAB Bankshares Inc. has announced that it received a prompt corrective action directive from the Federal Reserve due to the "significantly undercapitalized" status of its Park Avenue Bank.

It was another busy — and costly — night for regulators in the Southeast. Of the nation's six failures Friday — bringing the year's total to 157 — three were in Georgia and one was in Florida, continuing the onslaught the two states have suffered in the crisis.

Heritage Financial Group Inc. in Albany, Ga., said Tuesday that it has finished its second-step conversion and is now a stock holding company.

Ameris Bancorp in Moultrie, Ga., an active buyer of failed competitors, on Tuesday appointed a president for its bank.

Two failures in Georgia and another in Arizona late Friday cost the Deposit Insurance Fund about $204 million.

A group of private-equity investors has agreed to inject $200 million of fresh capital into Brand Group Holdings Inc. in Lawrenceville, Ga., the company announced Monday.

United Community Banks Inc. in Blairsville, Ga., reported a net loss of $239 million for the third quarter, which it attributed primarily to a major goodwill impairment charge.