ATLANTA — Georgia Credit Union Affiliates wasted no time Monday in reminding the public of its freshly-minted safety and soundness ad campaign following the failure of Georgia's fourth community bank.
"It is a fact that our credit union members are getting many calls over the weekend and so we felt important to spell out the details of our campaign in a press release," explained a league spokeswoman regarding the "coincidental" timing of the announcement.
On Friday, the Georgia Department of Banking and Finance closed the $197 million First Georgia Community Bank in Jackson with the FDIC named as receiver and awarding the good assets to United Bank of Zebulon, Ga. The failed bank's four offices reopened on Saturday as United branches.
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