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Freight company buys Sandy Springs site for its HQ (Atlanta Journal-Constitution)
Sandy Springs will be the new home of JAS Forwarding Worldwide, currently headquartered in Atlanta. The freight forwarding company announced Monday that it had purchased property in the north Fulton County city and that Griffin Construction Services would be the general contractor of the more than $20 million project. Construction is scheduled to begin in the first quarter. The Atlanta area has ...
United Community Banks ups loan loss provision (BizJournals)
United Community Banks Inc., Georgia’s third-largest bank, said Monday it will raise its fourth-quarter loan loss reserve in the wake of credit deterioration and current economic conditions, particularly in its metro Atlanta residential construction portfolio. (UCBI) (SNV)
Briefly in Tompkins (The Ithaca Journal)
Ithaca High School students Jacob Evelyn (senior) and Mary Eloundou (sophomore) were awarded first prize and third prize in an essay competition to celebrate the French Presidency of the European Union, which ran from July-December 2008. Janet Bowman, French language teacher at Ithaca High School, learned of the competition through the Cornell Institute for European Studies' outreach program. ...
Synovus expects to up loan loss provision $250M (Atlanta Business Chronicle)
The second-largest Georgia-based bank said Friday it expects raise its loan loss reserves in the fourth quarter to cover bad loans, particularly in the Atlanta residential market. (SNV)
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