(AP) Regulators have ordered a small Atlanta bank to immediately raise capital levels or find a buyer or merger partner.
The Federal Deposit Insurance Corp. said Friday that "prompt corrective action" was issued against RockBridge Commercial Bank, which lost $28 million in the third quarter.
The FDIC also said Friday that it issued "cease and desist" orders to three small Georgia banks: Eastside Commercial Bank in Conyers, American Trust Bank in Roswell,and Montgomery Bank and Trust in Ailey.
Those banks were ordered to improve capital reserves.
The Federal Deposit Insurance Corp. said Friday that "prompt corrective action" was issued against RockBridge Commercial Bank, which lost $28 million in the third quarter.
The FDIC also said Friday that it issued "cease and desist" orders to three small Georgia banks: Eastside Commercial Bank in Conyers, American Trust Bank in Roswell,and Montgomery Bank and Trust in Ailey.
Those banks were ordered to improve capital reserves.
