As has already been communicated via letter to Decatur First customers, and reported by the DNO, Decatur First Bank recently signed an order with federal regulators to raise more capital and reduce bad debt as the bank crisis continues to play out across the state.

Bank president Judy Turner recently commented to the AJC…

…the bank has been a conservative lender, choosing not to invest heavily in new home construction or subdivision development that got so many Georgia banks in trouble. But the economic downturn has hit its customer base hard, causing a spike in loan delinquencies.

“When people lose their job, they can’t pay their bills,” she said. “There’s just a lot of stress in the economy.”