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Georgia Bank & Trust catching up to Wells Fargo

It's been decades since a locally-owned bank has been the market share leader. That moment is again growing nearer. This week, the Federal Deposit Insurance Corp. released...

http://chronicle.augusta.com/content/blog-post/tim-rausch/2012-10-11/georgia-ban
Former judge, lawmaker who served time in corruption scandal, dies

...to Spartanburg and started working on problems in the black community. He tried unsuccessfully to start a minority-owned bank by raising money mostly from black investors.He ran in 2004 for the U.S. Senate seat won by Republican Jim DeMint...

http://chronicle.augusta.com/news/2011-10-09/former-judge-lawmaker-who-served-ti
Augusta Commission board votes to buy former Penny Savings Bank

...Founded in 1910 by 15 black entrepreneurs, the Penny Savings Loan & Investment Co. was Augusta's first black-owned bank. The bank declared bankruptcy after a merger with an Atlanta bank and closed its doors in 1928. The city is buying...

http://chronicle.augusta.com/news/government/2011-07-25/augusta-commission-board
Augusta sites played roles in black history

...Investment Co. WHERE: 1114 James Brown Blvd.WHAT: In business only 18 years, Penny Savings was one of the first black-owned banks in Georgia. It was formed in 1910 by a group of 15 entrepreneurs. The bank declared bankruptcy in 1928. The building...

http://chronicle.augusta.com/news/metro/2010-02-07/augusta-sites-played-roles-bl
Metro
Rants and raves

...teachers, the politicians or the parents? Obviously, it's all four! OUR IDIOT GOVERNMENT wants to bail out foreign owned banks. I'd like to see our entire ruling class fired and have it replaced by the first 800 names in the Columbia County...

http://chronicle.augusta.com/news/metro/2008-10-03/rants-and-raves
Metro | Rants and raves
Across the area

...commencement speech by Ray Robinson, the chairman of the board of Citizens Trust Bank, the sixth-largest black-owned bank in the nation. The baccalaureate program will be at 4 p.m. Saturday at Gilbert Lambuth Memorial Chapel. Manager...

http://chronicle.augusta.com/stories/2007/04/30/met_126654.shtml
Metro | Aiken County Crime | Augusta State University
Across the area

...commencement speech by Ray Robinson, the chairman of the board of Citizens Trust Bank, the sixth-largest black-owned bank in the nation. The college will hold its baccalaureate program at 4 p.m. May 5 at Gilbert Lambuth Memorial Chapel...

http://chronicle.augusta.com/stories/2007/04/27/met_126270.shtml
Metro | Aiken County Crime | Augusta State University | Butler High School
Market share rises to No. 2

...a bank's overall activity. The last time a locally owned bank was No. 2 on the list was in 1995, the year before...Atlanta-based Capitol City Bank & Trust, a black-owned bank that targets black consumers, saw the biggest gain in...

http://chronicle.augusta.com/stories/2006/10/17/bus_100789.shtml
Business
The Lenox Theatre gave blacks a place all their own

...the area's other black funeral homes and remains a fixture of black business in the city. Feb. 26: Augusta's Penny Savings Bank, forced out of business during the Great Depression, was one of the nation's first black-owned banks.

http://chronicle.augusta.com/stories/2006/02/12/bus_55379.shtml
Business
Bank reports jump in its earnings

...cents, up from 42 cents in the previous year's quarter. Georgia Bank & Trust Co., the market's largest locally owned bank, now has $864.3 million in assets. "We continue to strongly progress toward reaching and exceeding $1 billion...

http://chronicle.augusta.com/stories/2006/01/28/bus_50026.shtml
Business