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Georgia regulators seize Capitol City Bank

The Georgia Department of Banking and Finance announced Friday that it has taken possession of Capitol City Bank & Trust Co. - which had branches in Augusta - and appointed a Raleigh bank as receiver.
Closed bank's customers get reassurance

GIBSON, Ga. --- About 300 people crowded into the Glascock County Consolidated School gymnasium Sunday to learn more about the closing of the county's only bank.
Across the area

FPL Food LLC, at 1301 New Savannah Road, laid off nearly 10 percent of its work force Thursday and Friday, according to Steve Hixon, the company's director of marketing.
Columbia County gets more tax money on time

...any municipality, if any collections are not far behind," said Rob Braswell, commissioner of the Georgia Department of Banking and Finance, adding, "It's getting tough out there." Escrow accounts could play a part in the change, an...
Metro | Columbia County Commission
Payday loan reform

More than 20 states have laws or regulations governing a ``deferred payment transaction'' -- or, in plain English, a ``payday loan'' service that allows people to get a short-term, small amount of cash borrowed against their next paycheck.
Business briefs

Stocks top 8,900 for another record NEW YORK -- The Dow Jones industrial average surged to its fifth-straight record high Friday, with a strong rally in blue-chip stocks boosting the market barometer above 8,900 for the first time. The Dow rose 103.38 points to 8,906.43, finishing the week with more than a 300-point gain. Most broad-market indexes also reached record highs, except for the Nasdaq which fell to a selloff in technology stocks.
Locally operated bank announced

A new, locally controlled bank - the first to organize in Augusta in a decade - is expected to open next spring, investors announced Monday. With branches in Augusta and Columbia County, organizers said the bank will provide "hometown" financial services they say have been all but lost as bank mergers and out-of-state acquisitions swept the Garden City in recent years.
Metro | Club Car
State sanctions Martinez loan originator

The Georgia Department of Banking and Finance recently took action against a Martinez mortgage loan originator for violating the Georgia Residential Mortgage Act and department regulations.
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Across the region

CONYERS, Ga. - A baby and another passenger were killed when the child's mother was racing another car and crashed on Interstate 20 east of Atlanta early Friday, the Georgia State Patrol said.
Spreading bank rumors is against Georgia law

ATLANTA --- Has talk about bank failures got you worried that your bank may be the next to go under, taking your money with it?