News Topic: georgia

The Columbus, Ga., company had been counting on increased volume to offset a squeeze in net interest margins. ... Read full article

The companies say they're working hard to complete their deal this year — including spending millions on retention payments and other items — but there's no guarantee how quickly regulators will make their decisions. ... Read full article

MetroCity Bankshares has said it could use the proceeds to open branches or pursue acquisitions. ... Read full article

A strong economy, low-cost deposits and disruption from M&A are presenting opportunities. ... Read full article

The North Carolina company agreed to buy the much-smaller Community Financial Holding. ... Read full article

First Commerce Credit Union's agreement to buy Citizens Bank brings to 14 the number of deals this year in which a credit union is buying a bank. ... Read full article

Loyal Trust Bank is the seventh proposed bank in 2019 to secure the agency's approval for deposit insurance. ... Read full article

Executives at Atlantic Capital Bank had to take a hard look at its strategy and culture after the acquisition of First Security Group dampened employee morale. ... Read full article

When H. Lynn Harton joined United Community Bank seven years ago, he knew he was on track to eventually become CEO. But he still felt he had to earn it. ... Read full article

Community First will pay $40 million in cash for the parent of Affinity Bank. ... Read full article

Palmer Proctor, who took over at Ameris after it bought Fidelity Southern, where he was also CEO, says more deals would be a "distraction." ... Read full article

Will the new commitment, which is 5% over what the banks have reinvested recently on their own, assuage advocacy groups' concerns about the merger? ... Read full article

The Georgia regional plans to open more branches in the state as it looks to loan growth and fees as a way to offset intense competition for deposits. ... Read full article

Dennis Zember Jr. stepped down as the Georgia bank's CEO, citing personal matters. Palmer Proctor, an executive at the recently acquired Fidelity Southern, succeeded Zember. ... Read full article

Shareholders of both companies will meet separately next month to cast ballots on the $28 billion deal, and BB&T investors will also decide whether the new company should be called Truist Financial. ... Read full article

Lynn Harton, the Georgia bank's CEO and a 20-year BB&T veteran, is considering acquisitions in Alabama, Florida and Tennessee markets where the entity soon to be named Truist Financial has a high profile. ... Read full article

The moves are part of a plan CEO Rajinder Singh discussed in a conversation with American Banker. ... Read full article

Tandem Bank has approval from the Georgia Department of Banking and Finance as its aims to become the state's first new bank since the financial crisis. ... Read full article