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Traditional bank M&A in Georgia has been nearly dead in recent years, but Hamilton State Bancshares' deal this week to buy Cherokee Banking suggests that the Peach State may be primed for consolidation.
August 28 -
Increased stability among Georgia's banks also increases the odds of consolidation in the once-beleaguered state.
August 1 -
State Bank Financial (STBZ) in Atlanta has lowered its 2012 earnings to address an accounting error in tied to loans it obtained from failed-bank deals.
March 14
State Bank Financial Corp. (STBZ) in Atlanta has named a new credit guru.
David Black became chief credit officer of the $2.6 billion-asset company's main banking unit on Aug. 23. He succeeds interim chief credit officer Stephen Doughty, who will remain State Bank's corporate development officer.
Black joined State Bank in 2011 as senior vice president of finance, overseeing management reporting and investor relations. Previously, he was director of corporate strategy at First Horizon National (FHN); he has also held various executive roles at Wachovia.
Black "brings unique skills that will help the people around him succeed as we continue to grow as one of the nation's best-capitalized super-community banks," State Bank President Tom Wiley said in a news release Thursday.
Doughty was named interim chief credit officer in October, after former president and chief credit officer Kim Childers was appointed to the role of executive risk officer.
State Bank has acquired several failed banks and is
