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United Bank executives, FDIC personnel and law enforcement officers were on hand late this afternoon as the First Coweta Bank main office on Bullsboro Drive in Newnan was shut down by regulators. (Photo: Jeffrey Leo, The Times-Herald, Newnan)

United Bank buying assets of FDIC shuttered First Coweta Bank

Posted by
Walter Geiger
in News
Friday, August 21. 2009
Comments (15)
United Bank is purchasing the assets of First Coweta Bank which was shuttered by the FDIC at 6 p.m. Friday.

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#1 Anonymous on 08/21/09 at 05:18 PM
Good Job walter you on top of this one.
#2 Anonymous on 08/21/09 at 06:36 PM
Another one bites the dust.
#2.1 Sheila Tolley on 08/22/09 at 09:20 AM
It sounds like one was arisen from the dead to me.
#3 anonymous on 08/22/09 at 07:08 AM
Wait... this isn't fair to talk about United Bank when we can't mention First National, it makes other people piss and moan.
#4 Anonymous on 08/22/09 at 08:24 AM
United Bank needs to be in Forsyth.
#5 Anonymous on 08/22/09 at 09:02 AM
welcome all to obamas world
#5.1 Anonymous on 08/22/09 at 05:38 PM
You are probably doing this just to get a rise, because we all know as chairman of the Senate Banking Committee from 1995 through 2000, Republican Phil Gramm was Washington's most prominent and outspoken champion of financial deregulation. He played a leading role in writing and pushing through Congress the 1999 repeal of the Depression-era Glass-Steagall Act, which separated commercial banks from Wall Street. He also inserted a key provision into the 2000 Commodity Futures Modernization Act that exempted over-the-counter derivatives like credit-default swaps from regulation by the Commodity Futures Trading Commission. Credit-default swaps took down AIG, which has cost the U.S. $150 billion thus far.

There is enough blame to go around for Democrats too. It's a shame the only one we can't actually blame for being a major part of this is Obama. I'd like to blame him, but it was mostly the Republicans and of course Bill Clinton who are at fault.
#5.1.1 Anonymous on 08/23/09 at 08:19 AM
beg your pardon dingdong but clinton had it together while bush tore it all down to what we are today
#5.1.1.1 uptomybuttinidiots on 08/23/09 at 07:34 PM
just goes to show that a person don't have to look to far to see a idiot talking about politics - a subject they no nuthing about. I say that makes you the dingdong, dingdong
#6 Anonymous on 08/22/09 at 12:57 PM
Well, when First National is doing as well as United, maybe they will get mentioned. Way to go UB.
#7 sububu on 08/23/09 at 12:10 AM
I thought Obama bailed out the banks??
#7.1 Anonymous on 08/23/09 at 08:13 AM
Well bush tried to do it first remember his 750 billion dollar bail out, of course not none of you remember that, It was run so poorly that another one had to be done.
#7.2 Anonymous on 08/23/09 at 08:16 AM
How short our memories are. Bush started the initial bailout with absolutely no strings attached. Here's billions, we trust you fully. McCain jumped right on that bandwagon, they all did. Obama of course continued the bailouts but at least he asked for some (still too little) accountability and control when failed companies accepted bailout money.
#7.3 Anonymous on 08/23/09 at 08:21 AM
He did bail em out and most were unable to come up with a good stradagy to pay the money back and come out stronger and those are closed down belly flopped up
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