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Proposed Georgia bank secures conditional regulatory approval

American Banker

Craft Bank, which plans to open this summer, is in the final stage of raising $30 million in initial capital.

Georgia 74
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Regulators Close Small Bank in Georgia in 4th Failure of Year

American Banker

The Georgia Department of Banking and Finance closed the $21.4 million-asset Woodbury Banking Company on Friday, marking this year's fourth bank failure.

Georgia 28
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Top 5 Total Return to Shareholders: #4 Bank of the Ozarks

Jeff For Banks

Since that time, the company has grown to more than 100 locations throughout Arkansas, Texas, Georgia, North Carolina, South Carolina, Alabama and Florida. They acquired seven failed institutions in Georgia, Florida, and South Carolina from the FDIC, adding over $2 billion of acquired assets since March 2010. billion was 1.24%.

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Advocacy: Election Returns

Independent Banker

Familiar Friends—Georgia community bankers meet with Sen. FDIC Assessment Rules. Responding to ICBA’s advocacy, the FDIC scrapped the core deposit ratio for determining deposit insurance assessments of banks with assets less than $10 billion, substituting the brokered deposit ratio. Johnny Isakson (R-Ga.), De novo formations.

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Fizzle Of The Week: Bitcoin — The Bad Neighbor

PYMNTS

At the end of 2017, a handful of Chinese provinces and the country of Georgia were home to 75 percent of the world’s bitcoin mining, while only 3 percent was happening in the U.S. Use of power is not very evenly distributed. Miners use a lot of power and thus set up shop where the cost of power is cheap.

Bitcoin 104
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Finovate Fall 2016 Live Blog – Day 2

William Mills

After they bought CheckFree a lot of Fiserv folks have been based in Georgia. This sounds like the best of both worlds – social funding for SMB’s with the backing of their FDIC-insurance bank. Fiserv is a such a big player in our space. I’ve heard that their CEO recently moved to Atlanta but I’m not sure.

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PLI 25th Annual Consumer Financial Services Institute – 25% discount available

CFPB Monitor

The leadership and priorities of the CFPB, OCC, FDIC, and FTC have changed under the Trump Administration. The second panel will feature OCC and FDIC representatives. I am again co-chairing the event, as I have for the past 24 years. I will co-moderate both. The first panel will feature a discussion among CFPB and FTC representatives.