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Four Dozen Georgia Banks On Problem List

Posted on June 29, 2008

The Atlanta Journal-Constitution is reporting Real estate market threatening Georgia banks.Georgia's banks top the nation in terms of concentration of loans to real estate developers and builders. Figures are for the mean construction and development loans as a percentage of banks' core capital as of March 2008, the latest numbers available.1. Georgia 178%2. Washington 169%3. Arizona 168%4. North Carolina 165%5. Idaho 158%6. South Carolina 142%7. Oregon 141%8. Florida 130%9. Nevada 110%10. Virginia 101%Source: Federal Deposit Insurance Corp.Nearly $1 out of every $5 on Georgia banks' loan book...

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housing , real estate , real estate market