The Archives
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12.07.08First Georgia Community Bank failsJackson-based First Georgia Community Bank was closed by the Georgia Department of Banking and Finance on Friday, marking the failure of the 23rd bank in the nation this year and the fourth in the state. The FDIC announced that the bank's four branches will reopen on Monday as part of United Bank of Zebulon. The failed bank recently ranked sixth on a list of Georgia banks with a high Texas ratio, which gauges a financial institution's risk by comparing the level of problem loans to the amount of capital and reserves available to the bank. We’d love to be your real estate closing attorneys ...
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10.25.08Alpha Bank and Trust closesAlpharetta-based Alpha Bank and Trust was closed by the Georgia Department of Banking and Finance on Friday, and the FDIC was named as receiver of the failed bank. Minnesota-based Stearns Bank is assuming all insured deposits under a purchase and assumption agreement. It is the 16th bank failure of the year, and is directly tied to Alpha’s construction and land development loan portfolio. It's also the third bank failure in Georgia since the start of the housing downturn. We’d love to be your real estate closing attorneys in Atlanta Georgia. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates ...
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09.25.08WaMu shut down by OTS, sold to JPMorgan ChaseWaMu has been shut down by the Office of Thrift Supervision, with the FDIC being named as receiver. The long-troubled lender's banking operations have sold to JPMorgan Chase. The press release from the FDIC is here. Washington Mutual banking customers should see no disruption in services. Woo-Hoo, indeed. We’d love to be your Real Estate Lawyers in Atlanta. Want to know more?Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you! Ferme - Not Open Shut Closed, originally uploaded by idg.
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09.15.08Flameout on Wall StreetIn one weekend: Lehman Brothers: Bankrupt. Merrill Lynch: Sold to Bank of America. AIG: Massive Restructuring. And according to BoA: The financial system is facing unprecedented stress. We’d love to be your Georgia Closing Attorneys. Want to know more? Contact us and we’ll be happy to discuss how Harlan and Associates can be of service to you! 75/366 - Collapse, originally uploaded by Lily 0_0.