Bank merger would combine Augusta's First Bank of Georgia with Atlanta financial corporation

A proposed merger was announced that would combine First Bank of Georgia, one of Augusta's largest locally owned banks, with Atlanta-based State Bank Financial Corp.

First Bank in Augusta part of Atlanta Bank merger deal

ATLANTA -- One of Augusta's largest local banks announced this morning it has agreed to be acquired by a bigger, Atlanta bank.

Ownership of Augusta plant still not settled

...with September opening. First Bank of Georgia parent has second-quarter profit of $963,000, lowered by State Bank merger charges. Atlantic Broadband announced Wednesday that its free, high-speed Wi-Fi service in downtown #Aiken is...

First Community Bank grows with move to Augusta

...debit cards and online banking when they became part of First Community's network."I've been through a number of bank mergers in my career of 33 years, and this one has been pretty smooth," he said.Officials gauged the reaction after the...

Healthier bank industry is helping support a still-sluggish US economy

...equity loans, 3.8 percent on auto loans and 3.6 percent on 30-year fixed-rate mortgages.? More bank mergers. Fifty-one bank mergers were announced in the first quarter, according to SNL Financial. That was up from 39 deals in the first...

Banks see a more steady footing

...recession. There were 157 bank failures in 2010 and 140 in 2009.Blanton said he believes there will be a period of bank mergers following the FDIC's work in closing all the troubled banks.Of all the bank failures, 17 of them this year were...

Tat Thompson aims to turn heads with startup institution

...comfortably with Birmingham-based Regions, the atmosphere was much different than what he knew under Allied. As with most bank mergers, the acquired organization gave up much of its local autonomy to the parent company's home office. "The bigger...

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Tokyo stocks close lower

...currencies, the dollar advanced against the yen, once it appeared likely that news of a possible UFJ-Mitsubishi Tokyo bank merger wouldn't head off a Nikkei index downturn. The euro fell to $1.2375 late Wednesday in Tokyo from $1.2378 late...

Greenspan says banking system in good shape to provide credit in expansion

...increased global competition in the financial services industry. He said while the biggest bank mergers grab public attention, roughly 90 percent of all bank mergers over the past decade involved banks with less than $1 billion in assets being acquired...

Shareholders approve FleetBoston-Bank of America merger

...don't have a large number of overlapping branches that can be closed, which is a major source of savings in many bank mergers. Instead, about $650 million in savings will come from trimming overlapping operations and processes. The two banks...