Coastal Bank Emerges From Consent Order
Wednesday, July 31st, 2013
A locally-owned bank in the Savannah area has emerged from a two-year-old consent order imposed by federal banking regulators.
The turnaround for The Coastal Bank reflects broader improvements in Georgia's banking sector. Just a few years ago, more than 70 Georgia banks failed in one year. This year so far, it's three. Bank profitability is up.
And now the Coastal Bank has emerged from heightened scrutiny by federal banking regulators. Bank President and CEO Jim LaHaise says finances are improving for both commercial and personal banking customers.
