Posts Tagged ‘5 million’

Jefferson County, AL Can’t Make $636 million Debt Payment

Wednesday, February 25, 2009 8:04 1 Comment

Alabama’s Jefferson County is unable to make a $636 million sewer debt payment due Friday. The county will hold an emergency meeting to vote on an extension request which they hope will buy some time.
The county was recently downgraded by the ratings agencies which resulted in accelerated principal and interest payments due to banks.  The [...]

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23rd US Bank Fails: Georgia Community Bank Seized

Friday, December 5, 2008 21:24 No Comments

What Friday would be complete without a bank failure?
State regulators i closed First Georgia Community Bank on Friday, marking the 23rd bank failure of the year.
The Federal Deposit Insurance Corp. said that the four branches of the Jackson, Ga.-based First Georgia Community Bank will reopen on Saturday as part of United Bank, of Zebulon, Ga.
First [...]

This was posted under category: Bank Failures, Federal Reserve, Money Tags: , , , , , , , , , , , , , ,
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