Bitcoin ATMs Sprout in Georgia

Bank Innovation

Bitcoin ATM network Coinsource on Thursday installed 20 new bitcoin ATMs in the Peach State. Of the 20 machines, 18 are in Atlanta and the other two are in Athens. The ATMs come as demand for the cryptocurrency in the region is on a rise, the company said.

Georgia's Own Completes Acquisition of Georgia Bank

Keith Leggett's Credit Union Watch

Georgia's Own Credit Union (Atlanta, GA) completed its acquisition of State Bank of Georgia (Fayetteville, GA) on August 1, 2018. Georgia's Own CU had $2.3 State Bank of Georgia had $90.7 billion in assets. million in assets. Bank Credit Union Mergers Bank-Credit Union Transaction

Walmart Revamps Delivery Service With Georgia Pilot

PYMNTS

But the retailer is now testing a delivery service with employees at a store in Georgia, Reuters reported. A spokesperson for Walmart told Reuters that the retailer did conclude its first delivery experiment in 2018, but that the company is “encouraged by what we’re seeing” at its store in Georgia. After announcing an experimental plan last year for store employees to deliver online orders following their shifts for extra pay, Walmart has since retreated from the original pilot.

Georgia plans launching ecommerce platform

The Paypers

(The Paypers) Georgia has plans to boost the ecommerce industry of the country by launching one of its biggest electronic commerce platforms in May 2018

Trio of Georgia banks plan ambitious merger

BankThink

Community banking Strategic buyers Growth strategies GeorgiaThe combination of CCF Holding, Heritage Bancorp. and Providence Bank will create a $1 billion-asset institution. Veteran bank investor Kenneth Lehman will be its chairman.

Bank of Georgia starts accepting JCB cards

The Paypers

(The Paypers) JCB International and Bank of Georgia have announced that Bank of Georgia has started to accept JCB cards across the country

William Mills Agency Donates $10,000 to ALS Association of Georgia

William Mills

William Mills Agency (WMA), the largest independent public relations and marketing firm specializing in the financial industry, announced today a $10,000 donation to the ALS Association of Georgia. About The ALS Association Georgia Chapter.

Atlantic Capital selling branches in Georgia, Tennessee

BankThink

Community banking Branch network M&A Georgia TennesseeThe company is selling 14 branches, including several around Chattanooga, Tenn., and its mortgage business to FB Financial so it can focus on its Atlanta operations and national lending businesses.

Georgia Regulator Approves CUs Takeover of Bank

Keith Leggett's Credit Union Watch

The Georgia Department of Banking and Finance on August 6 approved the merger of Georgia Heritage Bank (Dallas, GA) into LGE Community Credit Union (Marietta, GA). Georgia Heritage has two offices and $94 million in assets. LGE Community CU has $1.3 billion in assets. Bank Credit Union Mergers Bank-Credit Union Transaction

Georgia United Becomes Official CU of Georgia Tech Athletics

Keith Leggett's Credit Union Watch

Georgia United Credit Union (Duluth, GA) announced an expanded partnership with the Georgia Tech Athletic Association as the Official Credit Union of Georgia Tech athletics. The sponsorship includes a co-branded debit card initiative, financial education program for student-athletes, and community service initiatives. The renewed partnership will include in-venue signage and video features during home football, basketball and baseball games.

Georgia's Own CU to Acquire State Bank of Georgia

Keith Leggett's Credit Union Watch

billion Georgia's Own Credit Union (Atlanta, GA) has entered into a definitive agreement to acquire State Bank of Georgia (Fayetteville, GA). State Bank of Georgia had $90.1 Credit Union Journal is reporting that $2.3 The deal was approved by both boards and will be structured as an asset purchase. million in assets, as of its most recent Call Report. The transaction is expected to close during the second quarter of 2018. Read the story (subscription required).

Technology Association of Georgia Hosts Inaugural Event: FinTech South

William Mills

– Co ntent centered on ‘Disrupting and Delivering a Better Customer Experience’ by focusing on what’s happening next in fintech – Atlanta is a leader in transactions, a processing powerhouse, and home to global fintech companies and start-ups, which makes it the ideal city to host the Technology Association of Georgia ’s (TAG) first annual FinTech South conference. Blog Industry Events fintech fintech south TAG fintech ADVANCE awards Technology Association of Georgia

Georgia bank to be sold to credit union

BankThink

LGE Community Credit Union has a deal to acquire Georgia Heritage Bank. Community banking Credit unions M&A GeorgiaIt's the fourth time this year a credit union has agreed to buy a bank.

Georgia Regulator Approves Bank Merger with CU

Keith Leggett's Credit Union Watch

The Georgia Department of Banking and Finance approved the application of dissolution for State Bank of Georgia (Fayetteville, GA) and its merger with Georgia's Own Credit Union. The approval date was May 22, 2018. Read the May 2018 Bulletin. In a related story, the Filene Research Institute recently released a report on Credit Unions' Acquisition of Banks and Thrifts.

SouthCrest in Georgia sells largest foreclosed property

BankThink

Community banking Commercial lending Deposits Credit quality Sailthru NMN servicing no display GeorgiaThe company has also hit its goal of having half of total loans tied to customers around Atlanta.

What made a Georgia bank pivot from IPO to sale?

BankThink

Brand Group in Georgia was mulling a public offering but it opted to test the waters as a seller first. Community banking M&A Capital IPOs Growth strategies Georgia MississippiThat decision led to one of the biggest deals announced this year.

Georgia's Community United FCU Conserved

Keith Leggett's Credit Union Watch

The National Credit Union Administration (NCUA) placed Community United Federal Credit Union, in Waycross, Georgia, into conservatorship. NCUA placed Community United Federal Credit Union into conservatorship to allow the credit union to correct operational weaknesses. According to its year end data, the credit union was well-capitalized and profitable. The credit union reported that only 0.97 percent of its loans were delinquent.

Georgia's Own aims to be first credit union in its state to buy a bank

BankThink

The credit union has agreed to buy State Bank of Georgia in Fayetteville. Community banking M&A Growth strategies Georgia

LGE Community CU to Acquire Georgia Heritage Bank

Keith Leggett's Credit Union Watch

LGE Community Credit Union (Marietta, GA) has entered into a definitive agreement to purchase Georgia Heritage Bank (Dallas, GA). Georgia Heritage Bank has $94.7 The boards of directors of both LGE Community Credit Union and Georgia Heritage Bank have unanimously approved the transaction. LGE Community Credit Union is a $1.27 billion asset credit union with 11 branches. million in assets and has branches in Cobb and Paulding Counties.

Behind a Georgia bank’s long and winding succession plan

BankThink

Community banking Succession planning Strategic planning Georgia North Carolina South Carolina TennesseeLynn Harton was finally named CEO of United Community Bank after a five-year apprenticeship, though Jimmy Tallent remains CEO of the parent company. The executives have long touted an ability to bounce ideas off each other as a reason for United's success.

Georgia Banks Plan $33M Merger

American Banker

million in cash for the $184 million-asset Independence Bank of Georgia in Braselton. The $685 million-asset Pinnacle Financial in Elberton, Ga., said in a press release Friday that it will pay $32.8 breaking_news community-banking dealmaking-strategy

Entegra in N.C. expanding in Georgia with latest bank deal

BankThink

The North Carolina company's purchase of Chattahoochee Bank will add a branch and loan production office to its existing operations in northern Georgia. Community banking M&A Capital North Carolina Georgia

Georgia United Announces Five-Year Sponsorship of UGA Athletics

Keith Leggett's Credit Union Watch

Georgia United Credit Union (Duluth, GA) announced an expanded five-year sponsorship as the Official Credit Union of Georgia Athletics. The renewed partnership includes in-venue signage and video features during home football, basketball, baseball and softball games, as well as gymnastics meets. Additional promotional opportunities include radio commercials, in-game features and gymnastics entitlement meets throughout each year. The price of the sponsorship deal was not disclosed.

FNS Bancshares in Ala. wades into Georgia with small bank acquisition

BankThink

Community banking M&A Consolidations Alabama Georgia TennesseeFNS Bancshares has agreed to buy Catoosa Bancshares in Fort Oglethorpe, Ga., in all-cash deal.

CBA of Georgia Spring Meetings: Change Continues to Impact Community Banks

William Mills

The Community Bankers Association of Georgia (CBA) held its annual spring meetings in cities across the state which this year included Macon, Hoschton and Albany (pronounced ALL-benie if you’re not from around these parts). The meetings also support the mission of the CBA which is the preservation and development of local, independent community banks in Georgia as well as the philosophy of hometown banking.

CBA of Georgia Spring Meetings: Change Continues to Impact Community Banks

William Mills

The Community Bankers Association of Georgia (CBA) held its annual spring meetings in cities across the state which this year included Macon, Hoschton and Albany (pronounced ALL-benie if you’re not from around these parts). The meetings also support the mission of the CBA which is the preservation and development of local, independent community banks in Georgia as well as the philosophy of hometown banking.

Georgia's Own CU Puts Name Atop Atlanta Office Tower

Keith Leggett's Credit Union Watch

Georgia's Own Credit Union (Atlanta, GA) is relocating its headquarters to the 32-story office the tower in downtown Atlanta. As the building's anchor tenant, the $2.3 billion credit union will put its name atop the office tower. The office tower was formerly known as the Equitable Tower. Read the story. Branding HQ

Bitfury assists the Republic of Georgia register property on blockchain

The Paypers

(The Paypers) Bitfury and the Republic of Georgia's National Agency of Public Registry (NAPR) have teamed up to design and pilot a blockchain land-titling project

Another Georgia Bank to Be Acquired by Credit Union

Keith Leggett's Credit Union Watch

The combined entity would have $950 million in assets and more than 20 offices in Georgia and South Carolina. SRP Federal Credit Union (North Augusta, SC) has reached an agreement to acquire Southern Bank (Sardis, GA). SRP FCU has $851 million in assets, according to its most recent call report. Southern Bank is a privately held bank with $80 million in assets and five branches. The acquisition is expected to be complete in the second quarter of 2018.

Georgia's Own CU Places Name Atop 32-Story Atlanta Office Tower

Keith Leggett's Credit Union Watch

Georgia’s Own Credit Union is relocating its headquarters downtown and putting its name atop a 32-story Atlanta landmark on Peachtree Street — The Equitable Building. Georgia’s Own will lease about 100,000 square feet at the Equitable Building or about 20 percent of the building. A source familiar with the Atlanta commercial real estate market stated that if the tenant is above a certain size, signage is a concession in the lease. Read the story. Branding Naming Rights

Georgia CU Regulator to Add S to CAMEL Rating

Keith Leggett's Credit Union Watch

The Georgia Department of Banking and Finance (Department) announced that beginning January 1, 2018 the Sensitivity to Market Risk, or S component will become a separate and distinct regulatory examination component, rather than a factor in the Liquidity component.

Worldpay and Georgia Tech’s ATDC Financial Technology Partnership Yielding Strong Results

Let's Talk Payments

million in funding ATLANTA (April, 11, 2016): A year after launching an accelerator program focused on helping entrepreneurs in Georgia’s growing financial. 8 startups in program have already raised $16.8

Georgia credit union loan growth outpaces banks

CU Insight

As more Georgia consumers take advantage of the service-driven culture of credit unions, cooperative financial institutions are experiencing significant and consistent loan growth. Being member-owned, credit unions don’t have shareholders to pay,” said Mike Mercer, president/CEO of Georgia Credit Union Affiliates. The post Georgia credit union loan growth outpaces banks appeared first on CUInsight. Industry News CUNA CUNA News Georgia

Alabama Credit Union to Buy Georgia Bank

Keith Leggett's Credit Union Watch

The American Banker is reporting that Five Star Credit Union of Dothan, Alabama has agreed to purchase Flint River National Bank in Camilla, Georgia. Five Star CU will buy all the loans and deposits at the $23 million bank. The credit union is valuing the bank assets at $21 million. This would be the fifth transaction involving a credit union buying a bank. Read the story. Bank-Credit Union Transaction

Janney Montgomery Scott to buy FIG Partners

BankThink

M&A Strategic buyers Asset managers Investment banking Community banking Georgia PennsylvaniaThe deal will give Janney greater access to the community banking sector.

35 Best Things to Do & See in Savannah, Georgia – Activities & Attractions

Money Crashers

Savannah is a small, vibrant colonial city on Georgia’s Atlantic Coast, near the South Carolina border. Thanks to its liberal culture and… 35 Best Things to Do & See in Savannah, Georgia – Activities & Attractions is a post from the Money Crashers personal finance blog. Founded in 1733 and blessed with an extremely well-preserved historic district, the city is a must-visit for its rich American history.

Synovus to focus on merger integration, digital upgrade in 2019

BankThink

The Georgia company will abstain from acquisitions this year as it looks to make internal improvements. Earnings Strategic buyers CRE Digital banking Synovus Financial Georgia

Ripple Partners With Five European And Asian Payment Providers

PYMNTS

UniPAY (Georgia), and MoneyMatch (Malaysia). Blockchain APi Solution Exchange4Free FairFX James Hickman ledger technology MoneyMatch RationalFX Republic of Georgia Ripple RippleNet UniPay What's Hot xViaRipple has announced that five new customers across Europe and Asia will use xVia to power payments over RippleNet, its blockchain network. The companies partnering with Ripple are FairFX (U.K.), RationalFX (U.K.), Exchange4Free (U.K.),

Large Georgia CU to Defect from Federal Charter

Keith Leggett's Credit Union Watch

Warner Robins-based Robins Federal Credit Union will change to a state charter on New Year's Day, becoming Robins Financial Credit Union. The credit union cited that the state charter would give it greater flexibility to expand. Robins has almost $2.1 billion in assets. Read the story. Charter Choice Federal Credit Unions state chartered credit unions

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. breaking_news community-banking fdic law-regulation

Will BB&T-SunTrust start a de novo wave?

BankThink

Community banking De novo institutions M&A Capital Recruiting North Carolina GeorgiaBig bank mergers have historically been a catalyst for startups. Experts say it could happen again.

Carlyle Group Sells Remaining Stake in Georgia's Brand Group

American Banker

Carlyle Group has liquidated its remaining stake in Brand Group Holdings in Lawrenceville, Ga. breaking_news dealmaking-strategy community-banking

CUNA, Georgia league support CU hit with frivolous ADA lawsuit

CU Insight

CUNA has partnered with the Georgia Credit Union Affiliates (GCUA) to continue its aggressive nationwide defense of credit unions facing frivolous lawsuits. The organizations filed a brief Tuesday supporting Family First CU, Hapeville, Georgia, which has been sued by a plaintiff alleging website noncompliance with the Americans with Disabilities Act (ADA). “We The post CUNA, Georgia league support CU hit with frivolous ADA lawsuit appeared first on CUInsight.