Georgia’s Financial Landscape: Offices, Institutions, and Regulations
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A look at Georgia’s banking industry reveals a complex web of offices, institutions, and regulations. According to data from the Federal Deposit Insurance Corporation (FDIC) and the American Bankers Association, there were 183 commercial banks in Georgia as of 2016, with total deposits of $213.28 billion.
Office Count
The state boasts a diverse range of office types, including:
- Offices: 2,428
- Branches: 2,245
- Drive-in facilities: [number unknown]
- Loan production offices: [number unknown]
- Consumer credit offices: [number unknown]
- Seasonal offices: [number unknown]
- Administrative offices: [number unknown]
- Messenger service offices: [number unknown]
- Supermarket banking offices: [number unknown]
Institution Changes
In 2015, Georgia saw no new financial institutions open, and 14 closed. This trend is reflected in neighboring states, with Alabama and South Carolina experiencing similar changes.
Financial Crimes
According to the Financial Crimes Enforcement Network (FINCEN), there were 61,924 financial crimes reported in Georgia in 2015. This number has been steadily increasing since 2012, when 1,727 cases were reported.
Recent Legislation and News
The Georgia state legislature has introduced several finance policy bills in recent years. For more information on these bills, click the bill title.
Additionally, a Google news search for “Georgia financial regulation” reveals the most recent stories on this topic.
Financial Regulation in the 50 States
To learn more about financial regulation in other states, click on a state below.
External Links
Sources
- Federal Deposit Insurance Corporation, “BankFind”
- American Bankers Association, “Total Deposits by State”
- Financial Crimes Enforcement Network, “Suspicious Activity Report Statistics”
Note: The data provided is accurate as of 2016.