This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Georgia's Strongest and Weakest Banks

Stocks in this article: WFC BBT STI

Largest Georgia Institutions

The following includes capital, earnings and asset-quality indicators for the 10 largest banks and thrifts with headquarters in Georgia.

10 Largest Georgia Banks and S&Ls
Source: SNL Financial

Banking in the state is dominated by SunTrust Bank, the main subsidiary of SunTrust Banks (STI), which had $170 billion in assets as of June 30. The bank's D-minus (weak) rating was driven by three consecutive quarterly losses, along with declining asset quality and an annualized charge-off ratio in excess of its ratio of loan-loss reserves to total loans.

Synovus Financial (SNV) of Columbus is another big player in the state, with 15 of 31 subsidiary banks located in Georgia, including three among the 10 biggest: Columbus Bank & Trust, Bank of North Georgia of Alpharetta and AFB&T of Athens.

Synovus is set to report third-quarter earnings Oct. 22 and was recently profiled as part of's Is It Safe? series.

The second-largest bank in the state was United Community Bankof Blairsville, the main unit of United Community Banks (UCBI). United Community's D rating reflected four consecutive quarterly net losses, a high net charge-off ratio and a continued increase in nonperforming loans. Still, regulators were confident enough in United Community to approve its acquisition of the failed Southern Community Bank of Fayetteville in June.

Wachovia Card Services, now a subsidiary of Wells Fargo (WFC), is also among the 10 biggest institutions headquartered in the state. With the high rate of loan charge-offs expected during this economic climate, along with a strong capital base and continued profits, the institution was assigned a C (fair) financial-strength rating.

Free Bank and S&L Ratings

An important factor in limiting the number of bank failures during the current crisis was the temporary increase of the FDIC's basic limit on individual deposit insurance coverage to $250,000 from $100,000. The increase has been extended through 2013.

3 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs