Two small Georgia banks face regulatory action
The Atlanta Journal-Constitution
Two small Georgia banking companies face increased scrutiny from regulators.
More business news
- Delta names Bastian to board
- Delta re-books Northeast flights
- Delta gets limited approval for La Guardia expansion
- Bill: Tax credit for energy-efficiency
- SEC names Rhea Digham to Atlanta post
- Coca-Cola Co. news
- Delta Air Lines news, links
- Health Care Reform coverage
- Read Henry Unger's Biz Beat blog
- Read Thomas Oliver's Sunday Business column
Middle Georgia Corp., which operates Central Bank of Ellaville, and FMB Bancshares, which owns Farmers & Merchants Bank in Lakeland, have entered into “written agreements” with the Federal Reserve Bank of Atlanta and the Georgia Department of Banking and Finance.
The orders were executed earlier this month but made public on Thursday. They piggy-back on earlier “cease and desist” orders made by the Federal Deposit Insurance Corp. against the two banks that require a range of financial and operational improvements.
Both Central Bank and Farmers & Merchants have a pool of troubled real estate loans.
Inside AJC.COM
Best of the Big A
Surprise! Atlanta has some great French restaurants. Vote for the one you think is the best.
Top 10 Tuesday
Don't forget Valentine's Day. A pack of commemorative Tiger's women golf balls is the perfect gift.
Can you see the change?
What's altered in the two photos? See how you score when you play the Find 5 challenge!
Who's the best dunker?
Who is the best high school dunker in the area? Your chance to vote is coming up soon.
Soda boosts cancer risk?
People who down two or more soft drinks a week may have double the risk of deadly pancreatic cancer.
Mardi Gras pets parade
The theme of this year's parade is "Barkus Goes tailgating" in honor of the New Orleans Saints.
Services »
