Private Bank of Decatur Approved, Moving Into One Town Center on East Ponce
Decatur Metro | June 15, 2012Drew sends along this press release about Decatur’s newest bank, Private Bank of Decatur…
Private Bank of Buckhead is expanding, with the addition of Private Bank of Decatur, which will be located in the One Decatur Town Center development at 150 East Ponce de Leon Avenue (corner of Church Street and East Ponce). Earlier this year the bank gained state approval for the expansion and received FDIC approval on June 13.
…Crawford notes that Private Bank of Decatur, which is a division of Private Bank of Buckhead, will be led by banking veteran Judy Turner. Two bankers who previously worked with Turner at Decatur First Bank, Melanie Funk and Jamie Ensley are already part of the team. Private Bank of Decatur will open its new physical location as soon as the renovations to the space are complete.
Here’s a link to the bank’s location if you’re not clear where One Town Center is located.
Nice. She drives one local bank into bankruptcy, and now is back with another bank, after suffering no apparent punishment whatsoever.
Notice how no big bank executive has been indicted, much less jailed, for all the evil crap done to America since 2008 (with its mortgage crime antecedents extending further back into the past).
A vile system of corporate-owned government in this benighted country of ours.
“She drives one local bank into bankruptcy, and now is back with another bank, after suffering no apparent punishment whatsoever.”
That is unfair and untrue. A bank is more than a president; it’ a whole staff and Board of Directors. If there had been any mis-doing, the regulators would never have approved the new bank. You are certainly free to do business with whatever bank you wish. You don’t have to go to the new bank.
I am not so trusting of the bank regulators’.
http://www.bizjournals.com/atlanta/stories/2010/05/03/daily80.html
And in today’s news:
http://dealbook.nytimes.com/2012/06/15/rajat-gupta-convicted-of-insider-trading/?ref=todayspaper
I fail to see what either of FM’s stories have to do with this subject. While there are indictments pending against several Atlanta area bankers, DFB was never accused of any criminal malfeasance. And the Gupta story relates to investment bankers in New York, which is an entirely different business from community banks.
I posted the links in response to Fbenario’s statement:
“Notice how no big bank executive has been indicted, much less jailed, for all the evil crap done to America since 2008 (with its mortgage crime antecedents extending further back into the past).”
The links were not meant to comment on the failure of DFB or relate it to the failure of the ironically named Integrity Bank and the conviction of Gupta .
Ah, so a reader here is defining Gupta’s Galleon Group hedge fund (not a bank), and some local rural bank (misnamed) Integrity, as ‘big banks’, elevating them both to the level of Bank Of America, Wells Fargo, and Goldman Sachs.
I’ll leave it to the readership to decide for themselves whether that is an appropriate or legitimate comparison, and thus whether it is a legitimate critique of my post.
Another thought he should defend the CEO of a failed bank. The head of an organization has to take the final responsibility for all mistakes made by employees. It’s irrelevant whether malfeasance (by the CEO or by employees) occurred, because the CEO of a fiduciary organization – like a bank – has to be primarily concerned with the careful handling of depositors’ funds. Making that concern secondary to increasing a loan portfolio, or any other business goal, shows bad judgment, bad business sense, bad legal understanding, etc. Such a person should never be welcomed back into the local community without punishment, probation, etc., blah, blah, blah.
Do either of you have a bruised back – from patting yourself on it so vigorously for your defense of a failed local bank CEO? Try some Ben-Gay.
That there’s some high falutin’ talk, fben.
Just for the record, Gupta did not run Galleon or any hedge fund. That was Raj Rajaratnam. Gupta was a director at Goldman Sachs and Procter & Gamble.
Goldman Sachs. Wasn’t that a large investment bank? Oh, my aching back.
Gupta’s indictment was for insider trading in connection with the Rajaratnam Galleon Group crap. Gupta’s indictment and trial thus have nothing whatsoever to do with Goldman’s criminal leadership and participation in the mortgage crime of the last decade. Again, no big bank exec has been indicted, much less jailed, for all the criminal actions that have hurt the world financial system. Some brave DA should file RICO charges against a bank for being a criminal enterprise, like the MAFIA. At least then the world might bail out of their stock and force them into bankruptcy.