FDIC: More Georgia banks profitable in Q1

Press release from the issuing company

Sunday, May 23rd, 2010

The first quarter of 2010 was a better one for Georgia’s banks, and the banking industry in general, according to data released Thursday by the Federal Deposit Insurance Corp.

Georgia banks failed to be profitable as a whole for the fifth straight quarter, but more Peach State banks crossed into the black during the first 90 days of 2010 than at any time in a year. (read more at Atlanta Business Chronicle)