Items Tagged with 'Georgia'

ARTICLES

  • Colony Bank buying PFB Mortgage

    Georgia bank expanding mortgage business
    Colony Bank, which operates 27 branches throughout Georgia, is set to grow its mortgage business, as the bank announced this week that it plans to acquire PFB Mortgage, the secondary market mortgage business of Planters First Bank. According to Colony Bank, PFB Mortgage originated more than $100 million in mortgages last year, and the bank expects the addition to help double its mortgage business in the future.
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  • South State Bank commits $100 million to low-income, minority borrowers

    Will seek eligible borrowers in North Carolina, South Carolina, Georgia, Virginia
    South Carolina-based South State Bank announced Monday that it is launching a mortgage lending initiative, pledging $100 million to consumers located in low-to-moderate income and minority areas in North Carolina, South Carolina, Georgia, and Virginia.
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  • Clayton Homes buys Georgia homebuilder for $50 million

    Chafin Communities becomes part of Berkshire Hathaway empire
    Clayton Homes, a manufactured home builder that is part of Warren Buffet’s Berkshire Hathaway, is buying Chafin Communities, a Georgia-based residential homebuilder, for $50 million. According to the Atlanta Business Chronicle, which first reported the acquisition earlier Monday, Clayton will receive nearly 1,100 lots as part of the deal.
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  • Georgia real estate investor pleads guilty to bid rigging in foreclosure auctions

    Feds snare ninth real estate investor for auction fraud in Georgia
    A Georgia real estate investor pleaded guilty for conspiring to rig bids at real estate foreclosure auctions in Fulton and DeKalb counties in Georgia. According to an announcement from the Department of Justice, Morris Podber admitted that he conspired with other real estate investors to not bid against each other in public foreclosure auctions on certain properties.
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