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Darby Bank Under Oversight
Thursday, 20 May 2010

May 20--  The following is reported by The Atlanta Business Chronicle.

DBT Holding Co. is under the scrutiny of The Federal Reserve Bank of Atlanta and the Georgia banking commissioner.

Under a “written agreement” with the Vidalia, Ga.-based operator of Darby Bank & Trust Co., restricts the bank from paying dividends, buying/redeeming shares of its stock or accruing additional debt. It must within 60 days submit a capitalization plan. It also has to provide written progress reports within 30 days after the end of each quarter.

The agreement was signed by DBT Holding President and CEO Rayburn Fisher Jr. on May 6, but was reported Wednesday.

According to the most recent Federal Deposit and Insurance Corp. data, Darby Bank has seven branches and $777.7 million in deposits.

 

 
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