UCBI Stock

[coosa]

It is about $12 a share today.

[oscarwho]

U C B I ; I feel their policies if not changed , is going to affect the bank . An old man went to the drive up window to cash a three hundred dollar stimulus check his wife had signed and he also endorsed the check . The couple had more than enough money to cover that check on deposit in that bank . The old gentleman was told he had to bring his wife down in person to cash the check . That bank had just last week cashed his stimulus check for the same amount with no questions . These two people live twenty four miles round trip to the bank . These people have been sent back and forth numerous times in the past for nonsense .They have done business with that bank since the early ninety's , never bounced a check or had any problem stemming from their part . They have had enough of Union County Bank Inc . And people talk about wasting gas . The old mans wife was not able to make the trip to town that day .

[nikita04]

Has anyone had the problem with UCBI taking funds out of your account without any permission for a loan that you do not owe?


UCBI is greedy...

[coosa]

I have never had any problem with that bank.

[ana]

Sorry about that Nikita I have never had problems either. From my knowledge of the bank I find that answer puzzling.

[shortcircuit]

My guess is that their stock will rebound now since we the taxpayers have paid for their mistakes. The price will rise so that all the big wheels can dump their stock without losing too much money, then when the bailout money is gone the stock will drop like a rock.

[shortcircuit]

I say that ALL the banks who received bailout money should be on the "problem list"


FDIC adds 54 more banks to its 'problem list'
Published on 25-11-2008 Email To Friend Print Version

Source: Associated Press

NEW YORK - The Federal Deposit Insurance Corp. said Tuesday the list of banks it considers to be in trouble shot up nearly 50 percent to 171 during the third quarter—yet another sign of escalating problems among the institutions controlling Americans' deposits.
The 171 banks on the FDIC's "problem list" encompass only about 2 percent of the nearly 8,500 FDIC-insured institutions. Still, the increase from 117 in the second quarter is sharp, and the current tally is the highest since late 1995.

"We've had profound problems in our financial markets that are taking a rising toll on the real economy," said FDIC Chairman Sheila Bair in a statement, adding that Tuesday's report "reflects these challenges."

Banks across the country have been hurt—and in some cases, devastated—by the collapse of the subprime mortgage market and subsequent problems across the lending spectrum. As the FDIC report shows, the number of hobbled institutions is rising at a quickening pace, a trend that has already begun to reshape the banking industry.

The FDIC said total assets held by troubled institutions climbed from $78.3 billion to $115.6 billion—a figure that suggests that the nation's top 20 banks aren't on the list, even though they are getting slammed, too, by the growing credit crisis. The FDIC does not reveal the names of the institutions it deems troubled.

Bert Ely, a banking consultant based in Alexandria, Va., pointed out that the assets held by problem banks represent less than 1 percent of those held by all U.S. banks. "We're still talking about a fairly small portion of the industry," he said.

And on average, only about 13 percent of institutions on the FDIC's list end up failing.

Still, banks that don't make the list can end up collapsing anyway—the two biggest bank failures over the past year, Washington Mutual Inc. and IndyMac Bancorp, had not been on the FDIC's list of troubled banks. Wachovia Corp., which nearly failed before it got bought by Wells Fargo & Co. in October, had not been on the list, either.

Nine banks failed in the third quarter, decreasing the FDIC's deposit insurance fund to $34.6 billion from $45.2 billion in the second quarter. This quarter, the pace appears to be picking up—nine banks have already failed since Sept. 30, including Downey Savings and Loan Association, based in Newport Beach, Calif.

"To some extent, a bank failure is a regulatory failure," Ely said. Regulators, if they address bank problems early on, can convince a troubled bank to sell off assets, raise capital or find a buyer, he said. "My hope is they're moving faster on these problems."

The FDIC said Tuesday that commercial banks and savings institutions suffered a 94 percent drop in third-quarter profits to $1.7 billion from $27 billion in the same period last year. Except for the fourth quarter of 2007, it was the lowest quarterly profit since the fourth quarter of 1990.

Those institutions wrote off $27.9 billion in loans as uncollectible during the quarter.

Recently, community banks—defined as those with assets under $1 billion—have started to show similar stresses as their larger counterparts, the FDIC said.

James Chessen, chief economist at the American Bankers Association, said in a statement that the banking industry as whole, however, "remains well-positioned to meet the credit needs of local communities." Since last year, bank lending to businesses has risen by more than 8 percent, while bank lending to individuals has risen by nearly 7 percent, he said.