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#780
Jul 18, 2012
 

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some info wrote:
<quoted text>
ASSET HOLDING COMPANY 1 LLC, ASSET HOLDING COMPANY 2 LLC, ASSET HOLDING COMPANY 3 LLC, ASSET HOLDING COMPANY 4 LLC, and ASSET HOLDING COMPANY 5 LLC all have an entity creation date of 4/29/2010 according to the Georgia Corporation website.
If this country is to survive we are going to need a large degree of Sunshine. All this backroom in the dark legal manuvering will need to be stoped and the people who use underhanded legal but unethical means to fool the public and steal from it's own customers need to be punished. That punishment does not need to be in a Country Club setting but the same kind of prison that you and I would be placed in should we defraud the public.
some info

Blairsville, GA

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#781
Jul 18, 2012
 
some info wrote:
<quoted text>
North Carolina Secretary of State's website says that ASSET HOLDING COMPANY 4 LLC's Principal Office is at 48 WALL STREET, 5TH FLOOR, NEW YORK NY 10005. From an internet search, it looks like Fletcher Asset Management Inc. is at that location.
Here's a press release from UCBI regarding Fletcher.

http://ir.ucbi.com/releasedetail.cfm...
info

Jefferson, GA

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#782
Jul 18, 2012
 

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Reb Blairsville wrote:
<quoted text>If this country is to survive we are going to need a large degree of Sunshine. All this backroom in the dark legal manuvering will need to be stoped and the people who use underhanded legal but unethical means to fool the public and steal from it's own customers need to be punished. That punishment does not need to be in a Country Club setting but the same kind of prison that you and I would be placed in should we defraud the public.
6-Jul-2012

Other Events

Item 8.01 Other Events.

On July 3, 2012, United Community Banks, Inc.(the "Company") was served with a lawsuit filed by FILB Co-Investments LLC ("FILB") against the Company in New York federal court. The lawsuit relates to purported contractual rights that FILB claims were assigned to it by Fletcher International, Ltd ("Fletcher"). The Company believes the lawsuit is meritless for several reasons, and will defend it aggressively.

The purported assignment to FILB from Fletcher relates to a dispute between those two entities emanating from a redemption request to Fletcher by several investors in one of Fletcher's funds. That dispute involves judicial proceedings in the Cayman Islands that resulted in the Grand Court of the Cayman Islands ordering the liquidation of a Fletcher fund, with FILB now being managed by a court-appointed liquidator. According to public reports, Fletcher has now filed for bankruptcy protection and is seeking to prevent the liquidation from continuing. The Company believes that FILB has filed this lawsuit in an attempt to preserve all possible rights, regardless of merit, that might be pursued as a result of the liquidation.

FILB alleges that, among other things, the Company breached its obligation to deliver 76 shares of preferred stock of the Company to FILB and that the investment period with respect to FILB's purportedly assigned right to purchase the Company's preferred stock is continuing. FILB also claimed that the Company's 2011 reclassification of its common stock in the form of a 1-for-5 reverse stock split, or recombination, should be ignored for purposes of calculating the number of shares of the Company's common stock issuable upon the redemption of the Company's preferred stock.

The Company strongly disagrees with each of these claims and fully expects its position to prevail if the ligation proceeds.

Except for the historical information contained in this report, the statements made by the Company are forward-looking statements that involve risks and uncertainties that may cause actual results to differ materially from those expressed or implied in any such statements. All such statements are subject to the safe harbor created by the Private Securities Litigation Reform Act of 1995. For a discussion of some risks and other factors that may cause such forward-looking statements to differ materially from actual results, please refer to the Company's filings with the Securities and Exchange Commission, including its 2011 Annual Report on Form 10-K under the sections entitled "Forward-Looking Statements" and "Risk Factors". Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update or revise forward-looking statements.
Concerned

Dawsonville, GA

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#784
Jul 19, 2012
 

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If United loses all these lawsuits will the winner get all of their money. I wonder because I have my life savings deposited with them. I sure would hate to lose my $4.
Truth hurts sometimes

Cleveland, GA

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#786
Jul 19, 2012
 

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The M0untains V0ice wrote:
<quoted text>
$4, well you should indeed be concerned, especially if money is tight for you like it is for a lot of us. You see, UCBI has a basic checking fee of $8/month. So if you don't get some more cash in that account - you will most likely be dinged an overdraft fee when they subtract that $8 from your existing $4.
Personally, I suggest moving your account to one of the multitude of other local banks that don't have ethis charge.
Shit for brains where do you have your millions?

Is mommie hold it for you?
MOuntain BEavis

Dahlonega, GA

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#787
Jul 19, 2012
 

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Truth hurts sometimes wrote:
<quoted text>
Shit for brains where do you have your millions?
Is mommie hold it for you?
heh heh heh
MOuntain BUtthead

Dahlonega, GA

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#788
Jul 19, 2012
 

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No $1,000,000s. He sues people.
MOuntain BUtthead

Dahlonega, GA

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#789
Jul 19, 2012
 

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The M0untains V0ice wrote:
<quoted text>
$4, well you should indeed be concerned, especially if money is tight for you like it is for a lot of us. You see, UCBI has a basic checking fee of $8/month. So if you don't get some more cash in that account - you will most likely be dinged an overdraft fee when they subtract that $8 from your existing $4.
Personally, I suggest moving your account to one of the multitude of other local banks that don't have ethis charge.
Indeed! I like that word.

ethis charge?
Legal Beagle

Atlanta, GA

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#791
Jul 31, 2012
 

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The M0untains V0ice wrote:
BEGINNING AGAIN: Bank Closures and Foreclosure Runs
Jasper Banking Company closed by FDIC
Friday, 27 July 2012
Jasper Banking Company, Jasper, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Stearns Bank National Association, St. Cloud, Minnesota, to assume all of the deposits of Jasper Banking Company.
State banking officials arrived in a fleet of cars right at closing time to lock the bank. It had been speculated for some time that Jasper Banking Company, one of the oldest businesses in the community was going to be closed. One of the officials entering the bank said it is important for people who have money in the local bank to know that their deposits are safe. She said that anyone with Jasper Bank checks can continue to use them.
The three branches of Jasper Banking Company will reopen on Saturday as branches of Stearns Bank National Association. Depositors of Jasper Banking Company will automatically become depositors of Stearns Bank National Association. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits. Customers of Jasper Banking Company should continue to use their existing branch until they receive notice from Stearns Bank National Association that it has completed systems changes to allow other Stearns Bank National Association branches to process their accounts as well.
Peace,
- david
aka The Mountains Voice
* a few years back, the head of the above bank told me that in his opinion, the region had an inventory of raw land that would probably take 25 years to work through. He then assured me that his bank had very limited exposure to the problem.
Wonder if that will affect your sticky fingers out at Bent Tree. Seen you have been involved in some shady deals as well in Gilmer County's two banks that went under. Guess you just lost another account and won't get paid again for selling forclosed property on your web-site. Even if UNCI goes under you still won't get a contract to sell forclosed property with the new bank owners.
Truth hurts sometimes

Cleveland, GA

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#793
Jul 31, 2012
 

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The M0untains V0ice wrote:
<quoted text>
Interesting. In regards to the above post your wording was quite careful. I was indeed involved in some shady deals involving Appalachian Bank so technically your statement is correct - but I was NOT knowledgeably, nor intentionally involved.
I was fraudulently manipulated into a real estate advertising situation in which the Bank Officers were foreclosing on select properties, then selling said properties to themselves and other "friends of the bank" using a series of shell companies. Then they were using bank funds to advertise the properties (using me)- attempting to flip the properties for quick personal profit. Of the most despicable nature - they also were then attempting to sue the original owners for deficiencies - based on the extremely cheap valuations set when they sold the properties TO THEMSELVES, AT LOWBALL PRICES SET BY THEMSELVES.
I was the one that uncovered the plot - and took it to the media, the FBI, the FDIC, the local Authorities, and ultimately the people.
Took a while, but the top three involved got fired. Rusty dissapeared, Adam is being targetted by the Feds in lawsuits, and Tracy took the cowards way out and committed suicide.
And I'm still here. I'm still posting.
Next up on the docket... WC, Bob, Jimmy, Lamar, Norm, West, etc...
Peace,
- david
aka The Mountains Voice
* Arise, O LORD; let not man prevail: let the heathen be judged in thy sight.
Oh no! Say it is not true, mv involved in shady real estate deals.
Less we forget, he is a double agent working for FBI and FDIC, someone with his credentials. They certainly are lucky.
Jack

Dawsonville, GA

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#794
Oct 17, 2012
 

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The M0untains V0ice wrote:
BANK REPORT: Insider real estate / loan activity
The following is an investigation into a Real Estate Transaction by United Community Bank, Inc.(UCBI / UCBID) Bank Officers: Jimmy C. Tallent (President & Chief Executive Officer), W.C. Nelson (Director), Robert L. Head (Director), and Thomas Gilliland (Secretary & General Counsel).

The Original Report ....... 53 Page Report (PDF) which can be found at the following web page:

http://tinyurl.com/3zax3kr
Any accoutability yet? Lest anyone forget. It's never a good thing when Insiders use Banks as personal Piggy Banks.
Still Getting Dumber

Blairsville, GA

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#796
Mar 18, 2013
 

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How funny, MV posts as MV following his sock puppet post as "Jack." That is some funny sh*t right there! Pretty soon you'll be seeing The Mountain Storehouse jump in there.
time to go

Jefferson, GA

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#797
Mar 18, 2013
 

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Still Getting Dumber wrote:
How funny, MV posts as MV following his sock puppet post as "Jack." That is some funny sh*t right there! Pretty soon you'll be seeing The Mountain Storehouse jump in there.
the only name changing sock puppet jack a$$ on topix is you.
you hit the nail on the head when you are calling yourself, still getting dumber, no need to remind us we all ready know.
Intrigued

Conyers, GA

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#798
Mar 20, 2013
 

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The M0untains V0ice wrote:
Watching the Financial News. Europe is threatening to implode again and spread banking contagion. Interesting new idea being floated by Cyprus Parliament has Global Markets edgy, and Russia threatening some retty scary financial retribution.
They are going to TAX people's Deposits and Savings Accounts. This is an idea that has quietly floated behnd the scenes in banking circles. This is the 1st real instance of it actually being proposed. There is talk of a cascading domino effect.
I have been off the bank issue for a long while - that was intentional. Now I will begin to warn you again. There is a reason I think everyone should have a goodly portion of their deposits / savings in gold/silver/physical assets. Your bank account can evaporate in an instant in a roving global run on the bank. The FDIC Insurance Fund which is already weak can be depleted so fast it will make your head spin. The system can lock down quicker than a high performance engine out of oil. Oil is to engines like liquidity and deposits are to financial systems. YOu spring a leak, and it will freeze up. Make it bad enough and the engine (financial system) is made worthless, and bank insurance worthless.
Prepare.
Peace,
- david
aka The Mountains Voice
* I counsel thee to buy of me gold tried in the fire, that thou mayest be rich; and white raiment, that thou mayest be clothed, and that the shame of thy nakedness do not appear; and anoint thine eyes with eyesalve, that thou mayest see.
2 questions. 1) do you own gold, silver or other precious metals; and (2) if so- how long have you owned these commodities?
Intrigued

Dawsonville, GA

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#799
Mar 20, 2013
 

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Intrigued wrote:
<quoted text> 2 questions. 1) do you own gold, silver or other precious metals; and (2) if so- how long have you owned these commodities?
3) where do you hide it; and 4) do you have a watch dog or burglar alarm?
Yap Yap Yap

Blairsville, GA

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#800
Mar 20, 2013
 

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Intrigued wrote:
<quoted text>
3) where do you hide it; and 4) do you have a watch dog or burglar alarm?
The answer would be: under his mommy and daddy's bed since he lives with them.
Intrigued

Conyers, GA

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#802
Mar 20, 2013
 

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So....... Not practicing what you 'preach?'
Intrigued

Jackson, GA

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#803
Mar 21, 2013
 

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Intrigued wrote:
<quoted text>
3) where do you hide it; and 4) do you have a watch dog or burglar alarm?
still waiting on an answer.
Texas Rangers

Cornelia, GA

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#806
Apr 5, 2013
 

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The M0untains V0ice wrote:
I AM TOLD THAT THE FDIC OIG IS NOW AIMING AN INVESTIGATION AT UCBI SINCE THIS ONE IS OVER. I'LL BELIEVe IT WHeN I SEE IT - BUT WILL ADMIT THAT THEY DID FINALLY GET SOMEONE - HOWEVER, AS THE STORY NOTES - MANY MANY MANY MORE PEOPLE INVOLVED - NOT CHARGED EITHER. NOTHING HAS CHANGED
It ain't over.
observer

Cornelia, GA

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#809
Apr 7, 2013
 

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The stock peaked after the 3/25 news of no wrongdoing in the SEC investigation. I think it may be profit taking on a shakey stock now, plus some general bad banking industry news:

More Legal Woes Imperil Bank Profits

By Kyle Colona - April 3, 2013 | Tickers: BAC, C, UCBI, VLY | 1 Comment

Kyle is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.

A continuous wave of mortgage-related legal cases may pose a threat to the banking industry’s profits in 2013.

Several sources have recently reported that since the 2008 economic crisis erupted, banks have been slammed with lawsuits filed by private investors and federal and state authorities. The lawsuits center on the banks’ selling billions of dollars of subprime mortgages that tanked and drove the economy off the hook.

_______
I still have a problem with the thinking that the bank may have troubles. Especially since the FDIC sent UCBI so much failed bank business. I would assume the FDIC checked UCBI out fairly good before referring the business there. Also, Cathy Cox sits on the board, and has securities experience, and a reputation to protect.
Just my superficial thoughts. Superficial can be good sometimes.

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