UCBI News Story: AtlantaJournal Const...

UCBI News Story: AtlantaJournal Constitution

Posted in the Blairsville Forum

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Huh

Richlands, VA

#2 Jan 4, 2011
They lost 236.4 million in the 3rd quarter. They have the cash, but have chosen not to pay 4.7 million? Over 5 years that is "only" 23.5 million. There might be 7 billion in "assets" on paper, but I doubt........
local man

Copperhill, TN

#4 Jan 4, 2011
I hope C&S bank makes it. A good little bank with friendly personel.
Oh my

Young Harris, GA

#6 Jan 4, 2011
The Mountains Voice wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g... (post3)
...You've got to remember that these guys took billions in TARP money that has not been repaid. The sense of feedback I am getting is that the Feds are leaning hard on them, but at the same time are desparately shopping for a takeover/merger bank.
Who guys, what billions?

http://www.topix.com/forum/city/blairsville-g... (post1)
By J. Scott Trubey
The Atlanta Journal-Constitution

...Chris Marinac, bank analyst with FIG Partners in Atlanta, said the Fed also could allow United to defer quarterly dividend payments on its $180 million in federal bailout funds.
Reb

Jefferson, GA

#7 Jan 4, 2011
They sure haven't allowed anyone to defer payment to them.
boodoodle

United States

#9 Jan 4, 2011
What happened to the bail out money they got from Obama?
Oh my

Young Harris, GA

#10 Jan 4, 2011
The Mountains Voice wrote:
<quoted text>
http://www.topix.com/forum/city/blairsville-g... (post8)
You are absolutely correct. It was $180 Million. I had it in my memory as $1.8 Billion. I was incorrect.
Perhaps you should consider your postngs more carefully when you lack divine guidance.

THE LIST: Strange Tax Map Observations / ucbi coming
http://www.topix.com/forum/city/blairsville-g...
...For the record, if anyone cares to notice, I have never mentioned the Sheriff. The Lord has clearly told me he wants the man. In a good way. He has also clearly told me he will loose utterly everything if he doesn't repent. That's all the message there is. I hope that if the man does make the attempt to be a man, as God intended, a man of honor and respect, that people will give him some leeway. All I know is what God showed me. All I know personally is the Sheriff is named Scott, and nothing else whatsoever.

Since: Jul 07

Location hidden

#11 Jan 4, 2011
In case you need to know, the name of that Atlanta lawyer who prosecutes libel cases on behalf of UCBI is pronounced "Dick Cheat-um".

Apparently he gets paid to bluster even when there is no case, too.

Of course as a $600 (now $178) shareholder, I demand repayment and an IMMEDIATE explanation of these circumstances NOW or else... or else I'm just gonna sell/writeoff my impressive holdings. That'll teach 'em.
Alice

United States

#13 Jan 4, 2011
Moving to the top
Huh

Richlands, VA

#15 Jan 4, 2011
The Mountains Voice wrote:
<quoted text>
Interesting thing about getting sued. Opens the door for discovery on BOTH sides. As in, if I got sued for Libel, I'd have sudden open door access to records I might be interested in pertaining to certain ideas. And of course, there is always that ultimate defense against a libel suit... The Truth!
Obviously there are some in Union Co. WHO CAN'T HANDLE THE TRUTH !!!!!!!!!!
Huh

Richlands, VA

#16 Jan 4, 2011
re-Rooster wrote:
In case you need to know, the name of that Atlanta lawyer who prosecutes libel cases on behalf of UCBI is pronounced "Dick Cheat-um".
Apparently he gets paid to bluster even when there is no case, too.
Of course as a $600 (now $178) shareholder, I demand repayment and an IMMEDIATE explanation of these circumstances NOW or else... or else I'm just gonna sell/writeoff my impressive holdings. That'll teach 'em.
Better get out now before it gets any smaller......
Tom

Dawsonville, GA

#17 Jan 4, 2011
Welcome back re-Rooster!
I hope you are sharing with David.
Maybe the day has come. It is "their" time!

"I returned, and saw under the sun, that the race not to the swift, nor the battle to the strong, neither yet bread to the wise, nor yet riches to men of understanding, nor yet favour to men of skill; but time and chance happeneth to them all."
re-Rooster wrote:
In case you need to know, the name of that Atlanta lawyer who prosecutes libel cases on behalf of UCBI is pronounced "Dick Cheat-um".
Apparently he gets paid to bluster even when there is no case, too.
Of course as a $600 (now $178) shareholder, I demand repayment and an IMMEDIATE explanation of these circumstances NOW or else... or else I'm just gonna sell/writeoff my impressive holdings. That'll teach 'em.
Huh

Richlands, VA

#19 Jan 4, 2011
Seems to Me wrote:
<quoted text>
More half facts and innuendo... Just what we've come to expect from The Mountains Voice...
Thanks Norm.......pillars of the community LOL........
John

United States

#20 Jan 5, 2011
This article needs to be up front
Seems to Me

United States

#21 Jan 5, 2011
Huh wrote:
<quoted text>Thanks Norm.......pillars of the community LOL........
No, I'm not Norm. Norm prints half truths and innuendo, too.
Cindy

United States

#22 Jan 5, 2011
Interesting
Huh

Richlands, VA

#23 Jan 5, 2011
Seems to Me your IP changed.......uh huh.........
ttt

Jefferson, GA

#26 Jan 6, 2011
tt tt tt tt tt ttt ... bo om!
prove yourself

Dawsonville, GA

#27 Jan 7, 2011
The Mountains Voice wrote:
SOURCE: http://www.ajc.com/business/united-community-...
By J. Scott Trubey
The Atlanta Journal-Constitution
United Community Banks, the third-largest bank based in Georgia, said Monday it will defer regularly scheduled interest payments on $54.6 million in outstanding debt.
The move is designed to preserve liquidity and comply with Federal Reserve rules, the Blairsville-based bank said in a news release, and is not an act of default.
United remains “well-capitalized” by regulatory standards, and Monday’s announcement has no effect on operations or customer accounts, said Rex S. Schuette, United chief financial officer.
The payments are related to trust preferred securities issued by the bank. They are a form of long-term debt that also acts like equity.
United, which has lost money for eight straight quarters, said the decision helps the bank holding company comply with Federal Reserve policies related to interest and dividend payments by banks in “stressed market conditions.” The payments would equal $4.7 million per year, and interest will continue to accrue during the deferral.
United said it consulted with the Federal Reserve Bank of Atlanta in taking the action and can defer the interest payments for up to five years.
United President and CEO Jimmy Tallent said the bank has the cash to pay preferred dividends and interest through November, and the decision boosts liquidity. Tallent said in the release the bank will “continue to evaluate and analyze various balance sheet and capital alternatives to further strengthen our overall capital position."
The bank lost $236.4 million in the third quarter of 2010, including a $210.6 million non-cash charge. The bank continues to be stung by soured residential development loans in North Georgia and metro Atlanta.
United has $7 billion in assets and about 100 branches in Georgia, North Carolina and Tennessee.
Chris Marinac, bank analyst with FIG Partners in Atlanta, said the Fed also could allow United to defer quarterly dividend payments on its $180 million in federal bailout funds.
Marinac said he expects United to outline a plan to boost capital, potentially through a stock or asset sale, later this month during its fourth quarter conference call.
Schuette said a decision on TARP dividend payments will be made with the Fed in February, and the bank continues to work to improve its balance sheet and capital.
United Community shares fell 1.5 percent Monday to $1.95
Mtn Voice, prove to us in Union County that you are truly a man of God and offer unconditional forgiveness. If you are indeed a man from God, you will do this within 24 hours. If you are a fake, a WOLF in SHEEP clothing, then prove that by not offering forgiveness.

What are you? Man of God, or Wolf?

A man of god will stop the false accusations against the bank. A wolf will still naw and chew and try to destroy.

Prove to us, oh mighty Mtn Voice.

Will you be a man of God and shut down this pathetic attack?

Or will you prove to us you are a satanic wolf roaming this forum seeking whom you may devour.
Huh

Richlands, VA

#28 Jan 7, 2011
prove yourself wrote:
<quoted text>
Mtn Voice, prove to us in Union County that you are truly a man of God and offer unconditional forgiveness. If you are indeed a man from God, you will do this within 24 hours. If you are a fake, a WOLF in SHEEP clothing, then prove that by not offering forgiveness.
What are you? Man of God, or Wolf?
A man of god will stop the false accusations against the bank. A wolf will still naw and chew and try to destroy.
Prove to us, oh mighty Mtn Voice.
Will you be a man of God and shut down this pathetic attack?
Or will you prove to us you are a satanic wolf roaming this forum seeking whom you may devour.
Hows that airport thing going?
Seems to Me

Alturas, FL

#29 Jan 7, 2011
Huh wrote:
Seems to Me your IP changed.......uh huh.........
So what?

Tell me when this thread is updated:

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