In this post, I provided a good deal of background about the banking crisis in Georgia. At some point soon I’ll update the statistics in that post. We are obviously having another busy year for the FDIC in Georgia, primarily…
Tag: Banking
Quick update to recent posts on the Georgia bank crisis
Yesterday I mentioned that two more banks in Georgia had been closed by the FDIC. Information in this post on Calculated Risk points to one more Georgia bank now known to be under FDIC scrutiny, as well as one in…
More Georgia bank failures — it’s getting a little embarrassing
I’ve previously written about the grim statistics regarding failed banks in Georgia. See Some background on the banking crisis in Georgia. We led the country (we’re number 1!) in failures from 2008 to 2010. As of 7 p.m. this evening,…
Some background on the banking crisis in Georgia
I have been getting a lot of questions about issues regarding the ongoing banking crisis — FDIC orders, bank closings, etc. First off, I should say that the Federal Deposit Insurance Corporation is easy to find online and their site…
Another southeast Georgia bank under an FDIC consent order
Here we go again. We’ve already seen several Savannah area banks be closed by the FDIC. Now another is under a consent order, which is essentially a list of requirements in areas like management practices and the amount of capital…
An ugly new wrinkle in Georgia’s banking crisis
An article in today’s AJC, Feds’ suit targets state senator, other officials of failed bank, almost reads like something from The Onion. As the state’s banking crisis has deepened — Georgia leads the nation in bank failures since the recession…