Industry experts worry that more banks in Georgia and across the nation could be the next casualties. More than 30 Georgia banks have failed in the last two years, mostly because of losses on loans to residential subdivision developers, home builders and homeowners.
That total could grow if a wave of loan losses on commercial real estate also swamps the state's 300-plus banks, which collectively reported more than $3 billion in losses last year. Further strain on banks could also prolong the drought of new loans to small businesses and other borrowers.
To read the full story from the Atlanta Journal-Constitution, click here.
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