News Topic: georgia
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New Georgia senators to join Senate Banking Committee
Democrats Raphael Warnock and Jon Ossoff, who won runoff elections to flip party control of the Senate, were assigned to sit on the panel for the 117th Congress. ... Read full article
CDC Federal Credit Union promotes longtime staffer to CEO
Australia Hoover, who started as a call center employee in 1996, succeeds Betsy Mercier, who is retiring after 22 years at the helm. ... Read full article
In Georgia Senate runoffs, banks go all in for Republicans
Banking trade organizations are usually cautious about making endorsements. But with Democrats winning the White House and control of Congress on the line in the two races, some groups are pouring in cash for the GOP candidates. ... Read full article
Piedmont Bancorp looks to add scale around Atlanta with WestStar purchase
The Georgia company will add nearly $200 million in assets as part of the acquisition. ... Read full article
Investor group to buy Georgia Banking Company
Bartow Morgan Jr., who ran Brand Banking when it was sold to Renasant, also plans to raise $150 million to expand the seller's products and services. ... Read full article
Justice Dept. asks United Community for PPP documents
The Georgia company said the agency is looking at its policies for paying, or withholding, Paycheck Protection Program fees to borrowers' agents. ... Read full article
6 key Senate races for bankers to watch
Several Senate Banking Committee members from both parties are facing tough reelection challenges in a year when control of the entire chamber — and the banking policy agenda — may be up for grabs. ... Read full article
Proposed Georgia bank secures conditional regulatory approval
Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital. ... Read full article
Organizers plan new bank in Georgia
A former market president for State Bank Financial would serve as CEO of the proposed Classic City Bank. ... Read full article
Synovus out to prove increased spending will pay off
The Georgia bank's operating costs rose in the fourth quarter, but executives sought to assure shareholders that investments will produce revenue growth in the long run. ... Read full article
Food delivery apps to blame for stressed restaurant loans: BankUnited
As more consumers order in using such services as Uber Eats and Grubhub, restaurants are selling fewer desserts, drinks and other high-margin items, said CEO Rajinder Singh. ... Read full article
'Once-in-a-lifetime opportunity': Why Tennessee bank covets Atlanta
Terry Turner at Pinnacle Financial says big banks in the city, including Truist Financial and Wells Fargo, are "vulnerable" to new competitors. ... Read full article
After bumpy 2019, Cadence CEO hopes for smoother ride in new year
Paul Murphy took full responsibility for a recent spike in charge-offs at the Houston company. His challenge in 2020 is keeping credit issues in check. ... Read full article
Pinnacle hires Synovus exec to open first office in Atlanta
The Tennessee company said that Rob Garcia will be in charge of building a commercial banking team in the city. ... Read full article
First Bancshares to enter southern Georgia with acquisition
The Mississippi company will also top $4 billion in assets when it buys Southwest Georgia Financial. ... Read full article
Former MidSouth chief named CFO of Oconee in Georgia
Jim McLemore has a new job just three months after orchestrating MidSouth's sale to Hancock Whitney. ... Read full article
Another new bank proposed for Atlanta
Organizers have applied to form Craft Bank. If successful, the bank would become the third to open in the Atlanta area in recent years. ... Read full article
Capital City in Florida to buy majority stake in mortgage lender
The company will significantly boost its origination volume after buying 51% of BrandMortgage. ... Read full article
Three takeaways from regulators' approval of the BB&T-SunTrust merger
The smooth and relatively short process should be encouraging to other big banks that are eyeing deals. But their window of opportunity may not last long. ... Read full article
