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Now you can see what's happening in Towns County, Georgia from anywhere in the world! Our archives is provided as a free service and begins with the Feb. 26, 2009 edition of the Towns County Herald.

February 3 , 2010

February 3, 2010 Towns County Herald

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CB&T purchased by
South Carolina-based lender

Community Bank and Trust
The future looks bright for CB&T after it was purchased Friday by South Carolina-based SCBT in a loss sharing arrangement with FDIC. Photo/Lowell Nicholson

Community Bank & Trust has new ownership and strong financial footing after it was acquired on Friday by Orangeburg, SC based South Carolina Bank and Trust.

The Cornelia-based bank was closed Friday by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, FDIC entered into a purchase and assumption agreement with SCBT. Full story by Charles Duncan

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Towns County Herald
Charles Duncan - Editor
446 North Main Street
P.O. Box 365
Hiawassee, Georgia 30546

Phone: (706) 896-4454
Email: tcherald@brmemc.net

© 2009 by the Towns County Herald - All Rights Reserved.

 

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