Bank holding company enters agreement with Fed

The holding company for a north Georgia bank was told it has to take steps to be a source of strength for the institution.

The written agreement between the Federal Reserve Bank of Atlanta and First Chatsworth Bankshares, Inc., said the holding company must take steps to ensure The First National Bank of Chatsworth complies with a January order from another regulator, and any other regulatory actions that may come up.

The holding company also cannot declare dividends or incur any debt without regulators' approval.

About the Author

At long last: CBS’ first Atlanta newsroom wraps debut broadcast

Less than four months after announcing plans to upstart a news operation in Atlanta, CBS’ first local news broadcast has arrived.

Cobb County agency green lights tax break for Home Depot’s $140M project

The Development Authority of Cobb County voted 6-0 to give initial approval for Home Depot's request Tuesday but didn't disclose the property tax savings the company sought.

A day long delayed has come as Rivian breaks ground on Georgia EV factory

Electric vehicle startup Rivian will hold a ceremony Tuesday to christen the start of construction of its long-delayed $5 billion factory an hour east of Atlanta.

The Latest

Credit: Miguel Martinez

Opinion: Charging EVs away from home keeps getting easier

Hyundai’s Georgia electric vehicle plant: What you need to know

OPINION

EV tax credits end in September. Here are the cars that qualify.

Featured

Credit: NYT

Fani Willis loses last chance to stay at the helm of Trump Georgia election interference case

Georgia's top court declines to hear Fani Willis appeal in Trump case, meaning she can no longer pursue the election interference case.

Investigator: Ex-APD officer raped woman on duty, returned when she called 911

Fulton County Magistrate Judge Todd Ashley ruled there was enough evidence for the case to proceed against former officer Muhammad Muhammad.

Cobb County agency green lights tax break for Home Depot’s $140M project

The Development Authority of Cobb County voted 6-0 to give initial approval for Home Depot's request Tuesday but didn't disclose the property tax savings the company sought.