Monday, August 9, 2010

Bank Seized-again

There was another bank failure in north Georgia recently. On July 23, 2010, Crescent Bank of Jasper was seized by the FDIC and was reopened as Renasant Bank, which is out of Mississippi. Crescent Bank had approximately $1 billion dollars in assets. With the acquisition, Renasant Bank will be operating the 11 branches of Crescent Bank across north Georgia .

Crescent Bank was an active mortgage broker in the north Georgia area. It remains to be seen how the acquisition by Renasant Bank will affect it’s mortgage operations.

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