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Bulloch banks battling tough economy
Residual effects of economic downturn still hurting bottom lines
Biz photo 3.29 TONED
During a panel discussion about banking regulatory practices, left to right, Thomas Dujenski, FDIC regional director in Atlanta; Rob Braswell, commissioner, Georgia Dept. of Banking and Finance; and Steve Wise, vice president of Community Bank Supervision, FRB Atlanta, offered their perspective at the Fifth Annual Georgia Southern Regional Community Bank Symposium held last week at Forest Heights Country Club. - photo by Special
It has been almost two years since an article in the Wall Street Journal dubbed the state of Georgia the "Chernobyl of Banking". Since January 1, 2009, 322 banks have failed nationwide, 50 in the state of Georgia alone - about one-sixth of the US total. This past year has proven to be a particularly difficult one for many of the banks throughout the state with most reporting net income losses for 2010.
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