The Jackson County Board of Education will announce the school system’s layoff plans on Wednesday morning. During its annual retreat on Thursday and Friday, the board discussed the district’s financial woes amid dwindling state revenue. The board held a 35-minute closed-door meeting on Friday afternoon to discuss personnel issues. ...
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The Jefferson Caterpillar plant will be closed in June due to the economic downturn. Officials announced Tuesday morning that the facility, which makes fuel systems, will begin laying off some 89 employees starting in May. The local facility’s work will be moved to plants in Thomasville, GA and Pontiac, IL. The company is also laying off 200 ...
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A Snellville man was arrested Friday night in a Bethlehem parking lot for allegedly trafficking heroin and other drugs. The arrest of Evan Richard Newby, 27, of 3815 Mink Livsey Road, followed his alleged sale of heroin and hydrocodone to a deputy during an undercover operation by the narcotics unit of the Barrow County Sheriff’s Office. ...
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A flood watch has been issued for the Barrow, Jackson, Banks and Madison County areas.
According to the National Weather Service:
THE NATIONAL WEATHER SERVICE IN PEACHTREE CITY HAS ISSUED A
* FLOOD WATCH FOR PORTIONS OF CENTRAL GEORGIA...EAST CENTRAL
GEORGIA...NORTH CENTRAL GEORGIA...NORTHEAST GEORGIA...
NORTHWEST GEORGIA AND WEST CENTRAL GEORGIA.
* FROM MIDNIGHT EDT TONIGHT THROUGH MONDAY MORNING
* A SERIES OF UPPER-LEVEL DISTURBANCES WILL TRACK NORTHEAST ACROSS
THE AREA FROM AN UPPER LOW SLOWLY PROGRESSING EASTWARD FROM THE
SOUTH CENTRAL U.S. A SHALLOW LAYER OF COOL AIR AT THE SURFACE
ACROSS MOST OF NORTH AND CENTRAL GEORGIA WILL PERSIST THROUGH
SUNDAY. THESE TWO FEATURES COMBINED WILL RESULT IN A FAVORABLE
ENVIRONMENT FOR WIDESPREAD RAINFALL ACROSS THE REGION THROUGH
MONDAY. RAINFALL AMOUNTS WILL AVERAGE TWO TO THREE INCHES
THROUGH EARLY MONDAY ACROSS MUCH OF THE FLOOD WATCH AREA...WITH
ISOLATED HIGHER TOTALS.
* THE GROUND ACROSS MUCH OF NORTH AND CENTRAL GEORGIA REMAINS
MOIST FROM THREE TO FOUR INCH RAINS THAT FELL ON MARCH 1ST.
ADDITIONAL RAINFALL OF TWO TO THREE INCHES WILL LIKELY RESULT IN
AT LEAST MINOR FLOODING OF SOME CREEKS AND STREAMS INTO EARLY
NEXT WEEK. SEVERAL RIVERS AND STREAMS IN CENTRAL GEORGIA JUST
FELL BELOW FLOOD STAGE IN THE LAST COUPLE OF DAYS. SOME PERIODS
OF URBAN FLOODING WILL ALSO BE POSSIBLE THROUGH EARLY MONDAY
WHERE HEAVIER SHOWERS AND ISOLATED THUNDERSTORMS OCCUR.
A FLOOD WATCH MEANS THAT CONDITIONS ARE FAVORABLE FOR FLOODING
ESPECIALLY ALONG LARGER STREAMS AND RIVERS. IF YOU ARE IN THE
WATCH AREA...CHECK YOUR PREPAREDNESS REQUIREMENTS...ESPECIALLY IF
YOU HAVE INTERESTS ALONG AREA RIVERS. KEEP INFORMED...AND BE
READY FOR ACTION IF FLOODING IS OBSERVED OR IF A FLOOD WARNING IS
Spring Break will remain a full week for the Jackson County School System after all. Superintendent Shannon Adams announced Wednesday, March 11, that the district will no longer will use Monday, April 6, as a make-up for the recent snowstorm. That means students and staff in the county school system will have the entire week devoted to Spring ...
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Freedom Bank of Georgia based in Commerce became the 17th bank taken over so far in 2009 by the FDIC.
Freedom Bank was taken over Friday evening at 6 p.m. by state and federal banking officials. All deposits of the bank were acquired by Northeast Georgia Bank of Lavonia.
All branches of Freedom Bank, including those in Jefferson, Homer, Commerce and Winder, will reopen Monday morning as Northeast Georgia Bank, officials said.
“Depositors of Freedom Bank of Georgia will automatically become depositors of Northeast Georgia Bank,” said a news release about the closure. “Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship to retain their deposit insurance coverage. Customers of both banks should continue to use their existing branches until Northeast Georgia Bank can fully integrate the deposit records of Freedom Bank of Georgia.
“Over the weekend, depositors of Freedom Bank of Georgia can access their money by writing checks or using ATM or debit cards. Checks drawn on the bank will continue to be processed. Loan customers should continue to make their payments as usual.”
Customers who have questions about Friday's transaction can call the FDIC toll-free at 1-866-782-1897. The phone number will be operational on Saturday from 9:00 a.m. to 6:00 p.m., EST; on Sunday from noon to 6:00 p.m., EDT; and thereafter from 8:00 a.m. to 8:00 p.m., EDT.
Freedom Bank is the second bank in Georgia seized by the FDIC this year. It is the seventh — and smallest — taken over since August 2008 when bank failures begin to rise due to the economic downturn. It is the only bank seized in Jackson County so far in the wake of the housing bust, which has devastated the area’s real estate and construction market.
In December, Freedom Bank was issued a cease and desist order by regulators, which instructed the bank to take certain actions to shore up its financial standing. At the end of the third quarter in 2008, the bank had 11 percent of its loan portfolio, $12 million, in default according to the FDIC. The bank lost $8.5 million in 2008 according to FDIC reports.
According to the FDIC’s news release, the bank had total assets of around $173 million and deposits of $161 million as of March 4. Northeast Georgia Bank agreed to purchase $167 million in assets at a discount of $13.6 million.
The FDIC estimates that the cost to the Deposit Insurance Fund will be $36.2 million. Northeast Georgia Bank's acquisition of all the deposits was the "least costly" resolution for the FDIC's Deposit Insurance Fund compared to alternatives.
If Madison County school leaders are forced to lay off employees, experience won’t necessarily save teachers’ jobs. Superintendent Mitch McGhee reviewed the system’s reduction in force (RIF) plan with the Madison County Board of Education last week, noting that there’s no “last hired, first fired,” clause. “Basically, what that ...
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Power has been restored to most areas of Jackson County officials of Jackson EMC said Wednesday morning with only 354 customers in the area still without electricity.
In Madison County, some 4,386 JEMC customers remain without power Wednesday morning, down from 8,000 Tuesday afternoon. Madison County was hit hard by Sunday's snow storm and school was again canceled Wednesday.
According to JEMC, 30 work crews are in Madison County Wednesday. Some 70 broken power poles were rreported in the county with 17 remaining to be fixed. Mud has been a major problem in restoring power, officials said, as trucks get bogged down and have to be pulled out of the mire.
Most of the feeder lines have been restored in Madison County, JEMC officials said Wednesday morning and work in both Madison and Jackson is now focused on restoring power to individual homes.
A mistrial was declared Thursday in the trial of former Arcade Mayor Joe Sikes after a jury deliberated for approximately 10 hours. Sikes was on trial on charges that he made terroristic threats against Arcade officials in 2005. After the hearing, prosecutor Ashley Wright of Augusta said she would retry the case. Presiding Judge John Ott of the ...
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