EMEA

United Community Banks Inc. in Blairsville, Ga., said it will record a special loan-loss provision of $25 million for the third quarter due to concerns over collateral associated with its largest loan relationship.

State Bank Financial has bought 10 failed banks since 2009, and CEO Joe Evans discusses his outlook for more deals. He also discusses challenges with loan demand, and the long-term outlook for his bank in its core markets of Atlanta and Macon, Ga.

The Office of the Comptroller of the Currency closed First National Bank of Florida, in Milton, on Friday.

Hamilton State Bancshares Inc. in Hoschton, Ga., said Friday that it completed a cash tender offer, repurchasing $1.5 million of its common stock.

Regulators have hit Woodbury Banking Co. with a consent order for weaknesses in the company's asset quality, capital, earnings and management.

Regulators closed banks in Florida, Georgia and Illinois Friday, all in places were many banks have already met their demise. On Thursday, a bank failed in Pennsylvania, one of just a handful to fail in that state in the last few years.

The banking crisis in Georgia has spread to the state capital, as several lawmakers, including the governor, have personal ties to some of the state’s failed banks.

Profits at State Bank Financial in Atlanta said its second-quarter profit fell 10% from the same period last year as gains in interest income were offset by higher expenses and an increase in its loan-loss provision.

The Federal Reserve on Tuesday announced that it has reached a written agreement with Coastal Bankshares Inc. in Savannah, Ga.

Hamilton State Bancshares Inc. is looking to repurchase up to $4.2 million of its common stock just five months after the Atlanta-area company received a hefty capital infusion to buy other banks.