The banking crisis in Georgia appears to be headed for a historic level. Loan problems are rivaling the peak of the late 1980’s Savings and Loan Crisis. The percentage of delinquent loans at Atlanta banks is actually worse than in the S and L downturn. Twelve percent of loan portfolios in Atlanta have problems. Statewide it’s 8.69 percent. That’s according to the data compiled by FIG Partners LLP. The data is setting a new standard for industry woes in the region, leading to what some are calling the worst bank market in the state’s history.
(Atlanta Business Chronicle)
(Atlanta Business Chronicle)
