Tools for distressed real estate pros.

From the category archives:

Georgia

Find banks in Georgia with commercial, multifamily, construction, residential REO, and non-performing notes.

First National Bank First to Fall in Georgia During 2010

February 15, 2010

in Construction, Failed Banks, Georgia, Multifamily

The First National Bank of Georgia, located in Carrolton, GA, which had approximately $832.6 million in total assets and $757.9 million in total deposits was closed in late January 2010 by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC). Following the bank’s failure, depositors from its eleven [...]

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Cornelia Georgia Community Bank & Trust Enveloped

February 4, 2010

in Construction, Failed Banks, Georgia, Multifamily

The Federal Deposit Insurance Corporation (FDIC), in conjunction with the Georgia Department of Banking and Finance, continued its 2010 roll of shutting down banks with the January 29, 2010 closing of Community Bank and Trust of Cornelia, GA.
Following the closure, SCBT announced that its bank subsidiary would enter an $827.7 million purchase and assumption agreement [...]

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Top 10 Banks with Construction REO

Bank Owned Construction Projects

October 12, 2009

in Alabama, California, Construction, Georgia, North Carolina, Ohio, Texas, United States, Wisconsin

Construction loans continue to be a huge problem for banks. In fact construction loan problems at US banks top $85 Billion in the most recent report. Construction loans make up about 30% of the total problem loan and bank owned property balances with banks nationally.
While you might expect to see lenders from Florida, Nevada and [...]

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