<img src = "http://valdosta.sgaonline.com/headlines/newsofthehour.gif" /> State News

Local News

July 1, 2009

Anonymous The Times-Recorder Wed Jul 01, 2009, 08:39 AM EDT

FDIC orders 4 Georgia banks to raise capital

Eds: APNewsNow.

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.

———

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Authorities trying to identity skeletal remains

Eds: APNewsNow.

LAWRENCEVILLE, Ga. (AP) — Gwinnett County police say they are trying to identify the skeletal remains of a man found in woods near Georgia 316.

Police spokesman Cpl. David Schiralli said Tuesday the cause of death also isn’t known.

Schiralli said employees of a tree service were working in some woods near the Barrow County line when they found the scattered bones on Monday.

The remains have been sent to the state Crime Lab for identification and cause of death.

———

Information from: The Atlanta Journal-Constitution, http://www.ajc.com

Text Only

Local News

Search Results

<img src = "http://valdosta.sgaonline.com/headlines/newsofthehour.gif" /> State News

Site Map

Contact Us