INDUSTRY INSIGHTS YOUR PEERS ARE READING
Atlanta-based Georgia Institute of Technology experienced its own version of March Madness when a data breach potentially affecting 1.3 The Atlanta Journal-Constitution reported Georgia Tech learned in late March that a central database had been accessed by an unknown outside entity. MORE
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. Community banking M&A Commercial lending Georgia Tennessee Florida MORE
(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 MORE
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 MORE
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. MORE
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. MORE
M&A Regional banks Branding Georgia North CarolinaBB&T's shareholders will also be asked to approve changing the company's name to Truist Financial. MORE
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. MORE
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. MORE
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. MORE
The credit union has agreed to buy State Bank of Georgia in Fayetteville. Community banking M&A Growth strategies Georgia MORE
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 MORE
The Houston company has already converted the systems and brand from January's acquisition, allowing it to focus more on bringing in business. Community banking M&A Earnings Texas MORE
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 MORE
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. MORE
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. MORE
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. MORE
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. MORE
– 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 MORE
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. MORE
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. MORE
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. MORE
(The Paypers) As digital transformation has become the new norm for banks, Giorgi Kintsurashvili, Digital Banking Innovations Manager at Bank of Georgia talks about the bank’s innovative banking products and services MORE
Georgia Governor Brian Kemp signed House Bill 185 into law on May 7, 2019. The bill revises statutory provisions governing banks, credit unions, trust companies, bank holding companies, money service businesses, mortgage lenders and brokers, and mortgage loan originators, as well as certain provisions addressing the Department of Banking and Finance’s general powers. The following provisions in the bill will affect credit unions. MORE
Community banking Deposits Lending State and local finance Law and regulation Promontory Interfinancial Network GeorgiaCommunity banks in the state have struggled to attract the funds to meet surging loan demand, but that could change now that a new law has made it easier for them to accept government deposits. MORE
(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 MORE
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. MORE
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 MORE
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). MORE
(The Paypers) JCB International and Bank of Georgia have announced that Bank of Georgia has started to accept JCB cards across the country MORE
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. MORE
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. MORE
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 MORE
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 MORE
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. MORE
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 MORE
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 MORE
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. MORE
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. MORE
Community banking M&A Consolidations Alabama Georgia TennesseeFNS Bancshares has agreed to buy Catoosa Bancshares in Fort Oglethorpe, Ga., in all-cash deal. MORE
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 MORE
Georgia Related Topics PYMNTS
APRIL 3, 2019
The Georgia Institute of Technology confirmed that it suffered a data breach that has exposed the personal information of 1.3 “A central Georgia Tech database was accessed by an unknown outside entity.
Keith Leggett's Credit Union Watch
JUNE 11, 2019
Georgia Governor Brian Kemp signed House Bill 185 into law on May 7, 2019. The bill revises statutory provisions governing banks, credit unions, trust companies, bank holding companies, money service businesses, mortgage lenders and brokers, and mortgage loan originators, as well as certain provisions addressing the Department of Banking and Finance’s general powers. The following provisions in the bill will affect credit unions.
Bank Innovation
DECEMBER 1, 2017
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.
BankThink
MAY 3, 2019
Community banking Deposits Lending State and local finance Law and regulation Promontory Interfinancial Network GeorgiaCommunity banks in the state have struggled to attract the funds to meet surging loan demand, but that could change now that a new law has made it easier for them to accept government deposits.
Keith Leggett's Credit Union Watch
AUGUST 3, 2018
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
William Mills
MAY 2, 2019
BankThink
DECEMBER 21, 2018
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.
The Paypers
NOVEMBER 22, 2018
(The Paypers) JCB International and Bank of Georgia have announced that Bank of Georgia has started to accept JCB cards across the country
PYMNTS
JULY 30, 2018
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.
BankThink
NOVEMBER 14, 2018
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.
BankThink
FEBRUARY 6, 2019
Community banking M&A Growth strategies GeorgiaThe company will gain four branches in Athens, Ga., as part of the $52 million acquisition.
William Mills
AUGUST 30, 2017
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.
The Paypers
APRIL 21, 2019
(The Paypers) As digital transformation has become the new norm for banks, Giorgi Kintsurashvili, Digital Banking Innovations Manager at Bank of Georgia talks about the bank’s innovative banking products and services
Keith Leggett's Credit Union Watch
FEBRUARY 3, 2018
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.
BankThink
MARCH 22, 2018
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.
Keith Leggett's Credit Union Watch
SEPTEMBER 12, 2018
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
BankThink
MAY 21, 2018
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.
Keith Leggett's Credit Union Watch
NOVEMBER 11, 2017
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).
BankThink
JUNE 6, 2018
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.
Keith Leggett's Credit Union Watch
JUNE 8, 2018
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.
William Mills
MAY 17, 2018
– 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
BankThink
NOVEMBER 19, 2017
The credit union has agreed to buy State Bank of Georgia in Fayetteville. Community banking M&A Growth strategies Georgia
American Banker
JULY 1, 2016
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
BankThink
AUGUST 17, 2017
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.
Keith Leggett's Credit Union Watch
APRIL 20, 2017
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.
BankThink
JUNE 28, 2017
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
BankThink
JUNE 28, 2018
Community banking M&A Consolidations Alabama Georgia TennesseeFNS Bancshares has agreed to buy Catoosa Bancshares in Fort Oglethorpe, Ga., in all-cash deal.
Keith Leggett's Credit Union Watch
MARCH 22, 2018
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.
Keith Leggett's Credit Union Watch
JANUARY 23, 2018
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.
William Mills
MAY 19, 2016
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.
William Mills
MAY 19, 2016
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.
Keith Leggett's Credit Union Watch
JANUARY 5, 2018
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
The Paypers
FEBRUARY 9, 2017
(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
BankThink
JUNE 19, 2019
M&A Regional banks Branding Georgia North CarolinaBB&T's shareholders will also be asked to approve changing the company's name to Truist Financial.
Keith Leggett's Credit Union Watch
NOVEMBER 29, 2017
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.
CU Insight
APRIL 3, 2019
Atlanta-based Georgia Institute of Technology experienced its own version of March Madness when a data breach potentially affecting 1.3 The Atlanta Journal-Constitution reported Georgia Tech learned in late March that a central database had been accessed by an unknown outside entity.
Keith Leggett's Credit Union Watch
OCTOBER 15, 2016
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
BankThink
APRIL 29, 2019
The Houston company has already converted the systems and brand from January's acquisition, allowing it to focus more on bringing in business. Community banking M&A Earnings Texas
Let's Talk Payments
APRIL 16, 2016
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
Keith Leggett's Credit Union Watch
AUGUST 7, 2017
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.
BankThink
JUNE 13, 2019
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. Community banking M&A Commercial lending Georgia Tennessee Florida
Keith Leggett's Credit Union Watch
SEPTEMBER 4, 2013
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
CU Insight
JULY 23, 2018
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
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