Four Georgia banks are under orders from the Federal Deposit Insurance Corporation to raise capital, clear bad loans off their books, and improve their lending methods. The FDIC action was put in place in mid-April, but just now made public. The banks are Community Bank and Trust in Cornelia; Gordon Bank in Gordon; Crescent Bank and Trust in Jasper; and Farmers and Merchants Bank in Lakeland.
Over the past year, 14 banks have been closed in Georgia by regulators--the most of any state.
Over the past year, 14 banks have been closed in Georgia by regulators--the most of any state.
