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Updated: 1:05 PM Jul 1, 2009
FDIC orders 4 Georgia banks to raise capital
In the past year, 14 Georgia banks have been shut down by regulators, more than in any other state, including two last Friday.
Posted: 9:55 AM Jul 1, 2009Reporter: Associated Press |
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July 1, 2009
ATLANTA (AP) -- The Federal Deposit Insurance Corp. has ordered four banks in Georgia to raise capital, clear bad loans off the books and improve lending practices.
The action by the FDIC was taken from mid-April to early May, but has just recently been made public.
The banks are Community Bank & Trust in Cornelia; Gordon Bank in Gordon; Crescent Bank and Trust in Jasper; and Farmers & Merchants Bank in Lakeland.
In the past year, 14 Georgia banks have been shut down by regulators, more than in any other state, including two last Friday.
The depressed real estate market is largely blamed for the states banking woes.
(Copyright 2009 by The Associated Press. All Rights Reserved.)
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P.O. Box 1212
Augusta, Georgia 30903-1212
Phone: (803) 278-1212 ext. 450
Fax: (803) 442-4561
At WRDW News 12, we receive hundreds of phone calls and letters weekly from people with consumer problems. Many situations can be resolved with a simple phone call. Here is a "printer-friendly list" of Consumer Agencies and Phone Numbers.
For a list of recent recalls, visit Recalls.gov, your online resource for recalls.
Click here to visit Mouseprint.org, a site that exposes misleading advertising and marketing materials.
Click here to visit ConsumerAffairs.com, an independent Web-based consumer news and resource center.
Click here to sign up for free vehicle recall alerts.
If you think you may be the victim of identity theft, click here to visit the Federal Trade Commission's website.
Click here to report an Internet crime.
