BanksNewsTODAY

Blue Ridge Capital, LLC has announced a new lease with Fabulous Find Consignment Super Store for 7,300 square feet in The Shoppes at Banks Crossing shopping center, located at 270 Tanger Drive in Commerce. [Full Story »] 

The beleaguered banking industry continues to struggle in Georgia, but there may be signs of some stability.
In the Barrow-Jackson County area, three community banks landed on a recently published list of troubled Georgia banks with high “Texas ratios” above 100. But one local bank fell off that list from a year ago, a sign that perhaps stability may be taking hold in the industry. [Full Story »] 

An open dialogue forum was held Thursday night at the Banks County Annex where attendees and panelists gathered to discuss their take on the economy, its problems and solutions. [Full Story »] 

Although the unemployment rate flattened across much of Georgia in March, it continued to climb in Banks County. The unemployment rate in Banks County was 7.7 percent in March, up from 7.3 percent in February. [Full Story »] 

Although Banks County has avoided much of the foreclosure turmoil that has rocked some nearby high-growth counties, that may be changing. For the May sale date, some 25 foreclosure actions are hitting the area, a new all-time monthly high for a single month. It was the second month in a row that Banks County foreclosures topped 20 in a month.

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Initial unemployment insurance claims in Banks County were up in February over the same month last year by 102 percent. However, the claims in February were down from January by 14 percent, according to the Georgia Department of Labor.

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