PE Funding Is Key to Failed Bank Deals

Witkowski, Rachel
September 2010
Investment Dealers' Digest;9/24/2010, Vol. 76 Issue 35, p7
Trade Publication
The article reports on the development of Community and Southern Bank in Carrollton, Georgia. Patrick Frawley, chief executive officer (CEO) of the company, was able to acquire 603 million dollars of assets from several banks including First National Bank of Georgia, Bank of Ellijay, First Commerce Community Bank and Peoples Bank. Chris Marinac, analyst of FIG Partners LLC, emphasized the importance of private-equity-backed institutions for backstop operation of Federal Deposit Insurance Corp.


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