United Community Banks, Inc. says it is past the credit crisis

Declaring that “the lingering effects of the credit crisis are behind us,” United Community Banks, Inc.’s president and CEO said the Blairsville banking company is in the final phase of its recovery.

“We can now devote full attention toward growing our business and increasing the value of our shareholders’ investments,” Jimmy Tallent said in a Thursday statement.

The company had $227 million in profits available to common shareholders in the second quarter, as it charged off loans more quickly. A year ago, it made $3.5 million in the same quarter.

The large increase was due to two factors: the reversal of the valuation allowance on a deferred tax asset, as well as higher provisions for both loan losses and foreclosed property expenses.

Nonperforming assets are down 75 percent, to $27.9 million.

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Atlanta’s short-term rentals are starting to fill up for the World Cup

Airbnb is predicting about 6,000 guests will stay with Atlanta hosts during the World Cup, representing about 45,000 guest nights.

Paramount makes hostile bid for Warner Bros., including CNN, Turner networks

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Medical company announces expansion in Columbus with 480 jobs

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