Nearly half of Georgia's insured banks are not making any money. A 3rd quarter report by the Federal Deposit Insurance Corporation, or FDIC, which insures banks and savings and loans, says 41% of Georgia's institutions were unprofitable. In the 3rd quarter of 2007, the FDIC reports only 12% of Georgia's banks and savings and loans were unprofitable.
(Atlanta Business Chronicle)
(Atlanta Business Chronicle)
