Friday, July 17, 2009

GNB Weekend Update

Goodbye, work week...Hello weekend...Here's the news...

Add yet another Georgia bank to the failure list. The Atlanta Business Chronicle reports that First Piedmont Bank of Winder was seized by federal and state regulators Friday. It became the 15th bank in the Peach State to fail since the banking crisis began in August 2008.

Atlanta can't use water from Lake Lanier. That was the ruling from a federal judge Friday. WXIA in Atlanta reports that the state of Georgia, and city of Atlanta, must stop withdrawing water from the north Georgia lake within three years. In his ruling, U.S. District Court judge Paul Magnuson says Lake Lanier wasn't built to supply water for the metro Atlanta area. He went to say that the state must stop such withdrawals within three years unless permission is gained from Congress.

The Georgia Music Hall of Fame could soon close its doors. That's unless additional funding is found. reports that the museum could shut down at the end of this year if it can't raise $225,000 to address the shortfall in its budget. The possibility was raised during a meeting at the Georgia Department of Economic Development Thursday. The museum's authority will decide the facility's fate at its next meeting in October.

That's the news. GNB is available online at, and on Twitter at Have a good weekend.

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