Special Edition March 13, 2023

GBA Message on Industry Stability

Our message to members and the public is loud and clear that Georgia’s banking industry is healthy and stable. Depositors can be confident their money is protected in Georgia banks, as no one has ever lost a penny of FDIC-insured deposits, banks pay for the FDIC-insurance fund to protect deposits, and the Federal Reserve’s new Bank Term Funding Program (BTFP) further bolsters the capacity of the banking system to safeguard deposits and ensure the ongoing provision of money and credit to the economy.

We provided a special resource guide with helpful information for customers and stakeholders to member CEOs, committee members and other leaders this morning. The information has been the foundation of messages to the media and policymakers today as part of GBA’s advocacy on behalf of the industry. Access the updated Resource Guide here. With questions, contact Joe Brannen or David Oliver.
Read All About It: Send Us Your News
Please forward your announcements about promotions, new employees and special recognition your bank has received along with any available photos to GBA's David Oliver and Katina Prokos.