Atlanta Real Estate | Atlanta Housing News for Real Estate

head_left_image

2 More Georgia Banks Fail!

A while ago, I signed up on the FDIC website to receive notifications of press releases as they occur.  We've had so many bank failures in GA I thought it a wise thing to do.  This evening we have has two sets of banks fail in GA.  One had 11 branches and the other had over 36 branches.  So this is not a small event.  The cumulative FDIC bank failure list for Georgia now stands at 32 banks failed.

1.) According to an FDIC press release this evening, the First National Bank of Georgia, located in Carrollton, GA, was closed this evening by the Office of the Comptroller of the Currency OTC, which then appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. The FDIC entered into a purchase and assumption agreement with Community & Southern Bank, Carrollton, Georgia, a newly chartered institution, to assume all of the deposits of First National Bank of Georgia.  The 11 branches of First National Bank of Georgia will reopen on Saturday as branches of Community & Southern Bank. Depositors of First National Bank of Georgia will automatically become depositors of Community & Southern Bank. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage.

*****This evening and weekend, depositors of First National Bank of Georgia can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.*****

2.) Also, Community Bank and Trust, Cornelia, GA, was closed today by the Georgia Department of Banking and Finance, which appointed the FDIC receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with SCBT, N.A., Orangeburg, South Carolina, to assume all of the deposits of Community Bank and Trust.

The 36 branches of Community Bank and Trust will reopen during normal business hours as branches of SCBT, N.A., but will continue to conduct business under the name Community Bank and Trust. Depositors of Community Bank and Trust will automatically become depositors of SCBT, N.A. Deposits will remain insured by the FDIC, so there is no need for customers to change their banks to retain their deposit insurance coverage. Customers should continue to use the former Community Bank and Trust branch until they receive notice from SCBT, N.A. that it has completed systems changes to allow other SCBT, N.A. branches to process their accounts as well.

 

RE/MAX Agent Atlanta

 

James Crawford ABR, Broker Associate

RE/MAX Paramount Properties

1605 Mansell Road Suite 106

Alpharetta GA, 30009

Atlanta Real Estate | Atlanta Homes for Sale - Call Now!

 

678-595-5283 Direct

 

What's My Home Worth?

 

Atlanta Real Estate AgentsAlpharetta GA Homes for SaleAtlanta Luxury Homes, Dunwoody GA Homes for SaleAtlanta Real Estate &  Atlanta Homes for Sale,  Gwinnett Homes for SaleAtlanta Real Estate BlogCumming GA Homes, Decatur GA Homes for Sale. Follow AtlantaRealty on Twitter   

Atlanta Homes for Sale | Atlanta Listing Agents | Atlanta Buyers Agents

 

Atlanta Real Estate for Sale

 

Buying A Home

 

Selling A Home in Atlanta

 

Atlanta Real Estate Agents - Contact Us

  

Jim Crawford Atlanta Real Estate Social Media icons

Search Listings

Search By
City
Type
Price -
Beds/Baths /
 
 More Options
 Map Search
Comment balloon 26 commentsJim Crawford • January 29 2010 07:37PM
2 More Georgia Banks Fail!
share
A while ago, I signed up on the FDIC website to receive notifications of press releases as they occur. We've had so many bank failures in GA I thought it a wise thing to do. This evening we have has two sets of banks fail in GA. One had 11… more
RE/MAX Convention Orlando FL Feb 28 - March 3 2010 - Who's Going?
share
Who's Going to the RE/ MAX Convention? When: Sunday, Feb. 28 – Wednesday, March 3 Where: Orlando World Center Marriott Orlando, Florida Music by: The Beach Boys! Wed night Fun Night! The&… more
Real Estate Observations - Perspectives from Experience!
share
Over the years in real estate business we have to learn something. If not we are fools making hte same mistakes over and over again. We all must acknowldge that some homes will sell, and others will not! When you see and sell a lot of homes each… more
Selling a Home in Atlanta is Overwhelming Isn't It?
share
Thinking of selling your home in Atlanta Face it, now more than ever it takes a lot of planning, knowledge, and nail biting to sell a home in Atlanta Price is critical and so is the appearance. We've actually been blessed this last year in… more
Atlanta Home Seller Fatal Mistakes - Thwarting the Sale!
share
Home Sellers Falsely Believe They Know Better! There are always choices in life and solutions to almost every problem or situation…unless the door to dialogue and reason are closed by those we hope to enlighten. As real estate agents, and… more
Atlanta Average Home Prices - Average Home Sales Prices
share
The most recent numbers for closed December detached single family Atlanta homes were just released from our Atlanta MLS this past week. I decided to compare this average sales pricing to the same time-frame in preceding years. It was interesting… more
Atlanta Real Estate Market Update
share
The most recent sales numbers for Atlanta real estate for December 2009 were just released this weekend from our MLS. I thought I would share them with you, and in subsequent blogs try to make some sense out of them for a perspective. … more
Real Estate Agents - Do Not Become Emotionally Involved!
share
Agents Must Avoid Becoming Emotionally Involved in the Deal. I think one of the least talked about things in real estate, yet it’s probably one of the more common occurrences are agents that become emotionally involved in the deal. In their… more
Atlanta Real Estate Update Atlanta │ Atlanta Homes - Single Family…
share
Here are the most recent Atlanta Metro area MLS figures for Atlanta homes for sale and Atlanta real estate As of today Thursday here are the MLS January 20, 2010 MLS Single Family Detached Listings At a Glance: Active - 34, 565 … more
Six Hills Homes for Sale in Alpharetta GA - Neighborhood Video Tour
share
Six Hills Alpharetta GA Neighborhood Video Six Hills is an upscale sought after swim tennis and luxury homes neighborhood in Alpharetta GA in the Crabapple area. The landscaping in Six Hills is well… more