closures: Georgia Bank Failures - United Security Bank, Sparta, GA Fails
- 11/07/09 02:05 PM
United Security Bank, Sparta, GA failed this weekend. United Security Bank had $157 million in assets and $150 million in deposits and two branches, one branch operatedas the including the branch in Woodstock, GA that operated as Bank of Woodstock. The bank, of Moultrie, Ga., assumed the assets and deposits of the failed bank. United Security Bank failure is expected to cost the FDIC fund an estimated $58 million. The failure of United Security Bank makes the 21st Georgia bank failure this year>Gerogia has had more bank failures than in any other state.The FDIC press release: "On Friday, November 6, 2009, United Security … (14 comments)
closures: Is Your Local Post Office Closing?
- 10/09/09 07:57 AM
There was a time that if you had a job in the US Post Office it was safe for ever. No one was ever downsized, and for the most part...Post Offices were only closed when a newer facility came online. That will most likely change soon since the Post Office is struggling with tremendous 5 billion dollars in debt ( gee - what a surprise for a Government run enterprise)! The USPS looks to pare its losses by closing many of its facilities. In an Article written today in the Washington Post - named the facilities the Post Office is considering closing all in … (34 comments)
closures: Macy's Announces Atlanta Headquarters Closure - 850 Jobs Lost!
- 02/02/09 10:17 AM
Breaking news this evening that will affect many in Metro Atlanta. Macy's department stores announced the closure of the Atlanta Headquarters and the elimination of 850 Jobs. With the corporate announced restructuring of its central operation will phase out these jobs by the second quarter, and a total of 7000 employees ( 4% of its 180,000 employees) will be let go nationally, and 11 stores will be closed. This comes at a time when Atlanta can not afford any more layoffs.,,this coming on news that Home Depot will also be eliminating 482 positions. Moody's investment service tonight reported that they have … (11 comments)
closures: Unemployment Levels Rise Rapidly - Are There Lessons Here?
- 12/06/08 06:10 AM
I was listening to National Public Radio this morning and caught a few tidbits of news. I purposely have been avoiding listening to the news recently because the economic data is so bad. This morning I was shocked to hear that the rapid rise in unemployment in yesterdays news was more than epic. It was the worse set of statistics ever released on unemployment in the 125 year history of the Bureau of labor Statistics history. That says a lot. We lost over 533,000 jobs alone this November. When you consider the average unemployment check is not large enough to pay your mortgage, taxes, … (14 comments)
closures: How Many Agents Does It Take To Screw in a Light Bulb?
- 05/05/08 03:14 AM
How Many Agents Does It Take To Screw in a Light Bulb? There was a time that the answer to this question could be "As many as it takes!" I think that we all agree the real estate market is now moving in a very different direction. The Atlanta area had about 8500 agents in the 1990's when we averaged about 3500 home sales a month. Around 2004-2004 we still only had about 12500 agents and sales had climbed to about 4500 a month. We then rose to over 45000 agents by 2007, a 300% increase in real estate agents in … (28 comments)
United Security Bank, Sparta, GA failed this weekend. United Security Bank had $157 million in assets and $150 million in deposits and two branches, one branch operatedas the including the branch in Woodstock, GA that operated as Bank of Woodstock. The bank, of Moultrie, Ga., assumed the assets and deposits of the failed bank. United Security Bank failure is expected to cost the FDIC fund an estimated $58 million. The failure of United Security Bank makes the 21st Georgia bank failure this year>Gerogia has had more bank failures than in any other state.The FDIC press release:
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