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New Horizons Bank: Another bankruptcy in Georgia On Friday, April 15, 2011, New Horizons Bank, East Ellijay, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. All deposit accounts, excluding certain brokered deposits, have been transferred to Citizens South Bank, Gastonia, NC and will be available immediately. Safety Ranking BankVega safety ranking was below 10 for 7 reported quarters.

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The contest introduced colour TV, intercontinental voting systems and uses the world's largest LED displays. The Eurovision Song Contest is a special occasion where countries like Russia, Ukraine, Armenia, Georgia, Azerbaijan and many more come together under the same roof. The contest, originally created to unite Europe after the war, also started as a technological experiment.

Bankvega safety score for The Park Avenue Bank is 2 for the Dec 2010 Quarter. Thus, this bank was ranked in the riskiest bucket among all commercial banks in the country. Safety Indicator: This metric for the Bank is very low as compared to its peers and also decreasing quarter over quarter. Therefore, this was matter of concern for the bank.

First Choice Community Bank, Dallas, GA was closed by the regulators on April 29, 2010. All deposit accounts, excluding the Cede & Co. deposits, have been transferred to Bank of the Ozarks, Little Rock, AR ("assuming institution") and will be available immediately. The former First Choice Community Bank locations will reopen as branches of Bank of the Ozarks during regular business hours. Safety Ranking: BankVega safety ranking has been erratic for last 2 years and seen wild swings. It looks like bank tried to maintain its growth at all costs, but fundamental challenges in asset quality resulted in bankruptcy of the bank.

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