EMEA

The Treasury Department plans to auction stakes in eight more banks as it continues winding down the Troubled Asset Relief Program.

The $785 million-asset Georgia Commerce has agreed to buy Brookhaven Bank, the two companies announced Tuesday. The price was not disclosed.

SunTrust Banks Inc., Georgia's biggest lender, agreed to a $65 million settlement with Freddie Mac covering refunds for faulty mortgages.

Several institutions in one of the nation's hardest-hit banking markets have shed enforcement actions, or have hired new leaders, as they attempt to stage comebacks.

Pinnacle Bank in Elberton, Ga., announced Thursday it will use Fiserv's Precision bank platform, which includes account processing, mobile banking, bill payment and remote check capture services.

Ocwen Financial in Atlanta has retired approximately $159 million of debt held by a private-equity backer.

The Central Bank's surprise decision to continue buying mortgage bonds may not spark another refinancing boom, but it could spur more home purchases.

The Treasury Department will receive $91 million from its latest auction. The agency announced plans last week to auction nearly $118 million of securities from several small banks.

Capitol City Bank & Trust in Atlanta has named Chief Operating Officer John Turner its new president and chief executive.

The $2.6 billion-asset Community & Southern has agreed to pay $11.80 per common share of Verity, the companies announced Wednesday.