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NBG |
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I am pleased to appear today to discuss with you the role of the Federal Reserve Bank of Atlanta in the supervision of the Florida offices of the Bank of Credit and Commerce International (BCCI), and in the supervision of the NBG Financial Corporation, the parent bank holding company of the National Bank of Georgia (NBG). The reports of the review, which were recently completed, were as of June 30, 2004, and contained findings pertaining to the commercial-related loan portfolios at Wyoming County Bank ("WCB") and NBG that were similar to the findings contained in the recently issued ROEs for NBG and BNB covering the period ending December 31, 2003. NBG was founded in 1987 and is headquartered in Atlanta, Georgia. |
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