EMEA

The $1.2 billion-asset company on Monday posted a $21 million loss, compared with a loss of $5.3 million in the first quarter, and net income of $342,000 a year earlier.

FGBC Bancshares Inc. in Franklin, Ga., has entered into a consent order with state regulators requiring it to boost capital ratios.

Several banks are actively looking to expand in the Georgia capital, viewing it as a market that will inevitably rebound from its malaise of the past three years.

The $5.1 billion-asset company announced Monday that it has received regulatory approval to consolidate two of its banks — Bank of Valdosta and Peoples State Bank — in its Sunrise Bank of Atlanta. Collectively, the three banks have $136 million of assets.

Five bank closures in four states Friday cost the federal government an additional $334 million in losses.

Atlantic Southern Financial Group Inc. reported a $4 million net loss for the second quarter, compared with a $23.8 million loss a year earlier.

WASHINGTON — Federal and state regulators shut seven banks late Friday, pushing the failure total this year to 103. Though the pace of failures briefly slowed earlier this month, it appears to be picking up momentum again, as Friday's failures followed six last week.

Atlantic Coast Federal Corp.'s credit quality is on the mend as the Waycross, Ga., company approaches its second-step conversion.

The Jasper, Ga., bank holding company said Monday that it plans to file its delisting with the Securities and Exchange Commission. It was notified in April that it did not meet the minimum requirements of Nasdaq's listing rule.

Fidelity Southern Corp. in Atlanta said Tuesday that it plans to sell up to $57.5 million in new shares to raise capital partly for growth.