Security Bank News

CAREN BURMEISTER/Staff The Acquilus III condo at 807 First St. N. in Jacksonville Beach went into foreclosure before the units were sold.

Three more Georgia banks failed Friday - including one started by Aaron's Inc. founder Charlie Loudermilk - as the state added to its inglorious nation-leading tally of crated lenders.

One banker's nearly $600,000 pay included perks such as 40 hours of free use of a company jet.

For the first time since being listed in 2003, the Philippine Stock Exchange Inc.

State and federal regulators Friday seized Georgian Bank, the fifth-largest bank by assets in the state and the second-largest lender based in Atlanta.

State Bank & Trust Co. - the bank that bought the failed Macon-based Security Bank in July - has notified customers who have certain deposit accounts that it will lower interest rates on the account if it's the only account the customer has at the bank.

A year after the collapse of Alpharetta-based Integrity Bank launched Georgia toward its dubious distinction as the nation's bank-failure capital, what is the state of the state's banking industry? And what lies ahead in terms of recovery and possible reforms? The crisis is not over The pace of bank failures has been picking up both in Georgia and ...

The new management of State Bank & Trust is beginning to craft its strategy for the Atlanta market.

Macon-based Security Bank Corp. has filed for Chapter 7 bankruptcy as expected following closure of its banks July 24 by state and federal regulators.

Macon-based Security Bank Corp. has filed for Chapter 7 bankruptcy as expected following closure of its banks July 24 by state and federal regulators.

Macon-based Security Bank Corp. has filed for Chapter 7 bankruptcy as expected following closure of its banks July 24 by state and federal regulators.

As FSI Group LLC prepared to pour $40 million into Security Bank Corp. last year, it considered what it thought would be the worst-case scenario.

Stockholders of Security Bank Corp. may call Troutman Sanders LLC, an Atlanta law firm, at 885-3563 for information about their stock in the company.

Security Bank may have closed last week, but all the familiar faces will be there when customers step inside any of the six subsidiaries.

Cherokee sheriff's deputies and Woodstock police stood watch over the entrance to Security Bank of North Metro late into the evening July 24 as FDIC employees worked to sort out the failed bank's finances.

The NASDAQ Stock Market announced today that the trading halt status in Security Bank Corporation was changed to "additional information requested" from the company.

The six units of Macon-based Security Bank , with assets of $2.8 billion and deposits of $2.4 billion, were closed by the Georgia Department of Banking and Finance .

In the US, the number of bank failures has grown to 64 for 2009. On Friday, regulators seized seven banks, six of them owned by Security Bank Corporation of Macon.

Regulators on Friday shut six banks in Georgia and a small bank in New York state, raising to 64 the number of federally insured banks to fail this year.

Joe Evans: The Georgia bank veteran is best known as the head of Flag Bank, which was sold to RBC Bank USA during the financial boom.