EMEA

Regulators in Georgia closed the $217 million-asset Jasper Banking, which became the industry's 39th bank to fail this year.

Georgia regulators have ordered an Atlanta-area business to stop calling itself a credit union.

State regulators closed banks in Georgia, Florida and Tennessee on Friday, making June a busy month for failures.

Private Bank of Buckhead in Atlanta has been given the green light to open its second branch.

The Treasury Department announced Tuesday that it plans to sell off its shares in seven more community banks as part of its ongoing effort to wind down the Troubled Asset Relief Program.

The three states that have led the nation in bank failures over the last four years — Georgia, Florida and Illinois — remain home to the banks that are most in danger of failing down the road, according to new data compiled by Thomson Reuters.

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.