3 more Georgia Banks Added to High-risk List
Press release from the issuing company
Wednesday, November 10th, 2010
The number of troubled banks in Georgia grew slightly in the third quarter along with the percentage of problem loans statewide, according to two reports this week on state banks.
That reversed improvements in both categories in second quarter.
The latest results suggest banks will continue to suffer through a prolonged slump caused by bad bets in real estate, said Chris Marinac, bank analyst at FIG Partners.
