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Georgia Banks Face More Pain

Another thing to consider is that the list doesn't reflect any additional capital these institutions might have raised during the first quarter of 2009.

Plenty of Strong Georgia Banks and Thrifts

Of course, the news for Georgia's banks and thrifts is not all bad. Based on Dec. 31 financials, 83 of Georgia's 331 banks and thrifts were rated a B- (good) or above.

Here's a list of all Georgia institutions rated B+ or higher:

Georgia Banks and S&Ls rated B+ or Higher
Highline Financial

Ratings Ratings issues independent and very conservative financial strength ratings on each of the nation's 8,500 banks and savings and loans. These are available at no charge on the Bank & Thrift Ratings Screener. In addition, the Financial Strength Ratings for 4,000 life, health, annuity, and property/casualty insurers are available on the Insurers & HMOs Screener.
Philip W. van Doorn joined Ratings., Inc., in February 2007. He is the senior analyst responsible for assigning financial strength ratings to banks and savings and loan institutions. He also comments on industry and regulatory trends. Mr. van Doorn has fifteen years experience, having served as a loan operations officer at Riverside National Bank in Fort Pierce, Florida, and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a Bachelor of Science in business administration from Long Island University.
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