Banks in Georgia and throughout the nation are facing a challenging environment as the government’s central banking system, the Federal Reserve, raises interest rates and technology continues to transform the industry. Mortgage rate increases are the latest kick in the…
Hurricanes, earthquakes, wildfires – it’s not uncommon for businesses to have contingency plans in place for disasters like these. But a pandemic? Turns out, banks were prepared for that, too. “Contingency plans are required by the regulators. They’re updated annually,…
A newsletter written by the Georgia Bankers Association (GBA) in January 2020 offered its members a rosy update. More than 200 banks were doing business in the state (160 of them Georgia-based). Ninety-six percent of the banks were profitable with…
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