(AJC) — As the shakeout continues in Georgia’s banking industry, some bank names will soon change by choice and not because of a failure.
Experts say Georgia banks are starting to look at buying other living banks instead of ones taken over by the Federal Deposit Insurance Corp.
It will likely be a slow process, but failed bank acquisitions will ultimately give way to old-fashioned M&A, they say.
“People are talking in Georgia,” said Bobby Schwartz, banking attorney with Smith Gambrell & Russell, who expects a deal in Georgia this year.
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