Tuesday, July 28, 2009

GNB Update

Hope you've had a productive Tuesday...Here's the news...

A troubled Georgia bank chain has filed for bankruptcy. Macon.com reports that the Macon-based Security Bank Corporation made that filing with the Securities & Exchange Commission yesterday. Late last week, the State Bank & Trust Co. took over the assets of the former Security Bank. Officials say they want to move company headquarters from Pinehurst to Macon.

There's a settlement in a Savannah class action lawsuit. Savannahnow.com reports that the Savannah-Chatham School System recently agreed to pay more than $4 million to retired employees. The retirees say they were denied the right to enroll in the Teachers Retirement System. All employees will get a portion of that settlement as a reimbursement.

More layoffs are on the way. This time, it's the Athens Regional Medical Center feeling the pinch. OnlineAthens.com reports that hospital administrators expect to cut $14 million from its budget. Those measures include cutting the number of paid days off. Between 15-20 employees could lose their jobs by Friday.

GNB is online at georgianewsbeat.blogspot.com, and on Twitter at twitter.com/georgianewsbeat. Have a good Tuesday night.

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