Jasper Banking Company, Jasper, Georgia, was closed today by the Georgia Department of Banking and Finance, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with Stearns Bank National Association, St. Cloud, Minnesota, to assume all of the deposits of Jasper Banking Company.
State banking officials arrived in a fleet of cars right at closing time to lock the bank. It had been speculated for some time that Jasper Banking Company, one of the oldest businesses in the community was going to be closed. One of the officials entering the bank said it is important for people who have money in the local bank to know that their deposits are safe. She said that anyone with Jasper Bank checks can continue to use them.
The three branches of Jasper Banking Company will reopen on Saturday as branches of Stearns Bank National Association. Depositors of Jasper Banking Company will automatically become depositors of Stearns Bank National Association. Deposits will continue to be insured by the FDIC, so there is no need for customers to change their banking relationship in order to retain their deposit insurance coverage up to applicable limits. Customers of Jasper Banking Company should continue to use their existing branch until they receive notice from Stearns Bank National Association that it has completed systems changes to allow other Stearns Bank National Association branches to process their accounts as well.
Updated: See statement from JBC Banchsares below
The Bruce Week's Family Band will be heading up the Bluegrass Gospel Entertainment on Sunday, October 7 of the Georgia Marble Festival.
For 2012, organizers of the Georgia Marble Festival will add a significant change to the festival when it opens on the first weekend in October.
In addition to the quarry tours and parade, this year’s edition will feature the “Georgia State Bluegrass Championships” on the festival grounds. It will also bring a night-time headliner bluegrass concert to close out the first day of the two day festival.
Above, parents register their students for bus transportation at Open Registration for new students, held last Wednesday, July 18.
Parents with students new to the Pickens County school system filled tables and chairs at the board of education office last week during Open Registration, which officials say was busier than usual.
Assistant Superintendent Tommy Qualls reported that 120 new students signed up to attend school in Pickens, including 29 new high schoolers, but he says the final student count for the system will not be known for a few weeks.
East Pickens resident Charles Wigington killed this “canecutter” rattlesnake, also known as a Timber Rattlesnake, outside his home Monday, July 16. The snake, which Wigington measured at 48” in length, was in his yard beside the driveway. Wigington believes the snake was flushed from its home after bush-hogging the previous day. Wigington noticed the snake after his dog began to bark at it. After it began to shake its rattle in warning, Wigington retrieved a shovel and decapitated the serpent.
A second roof that was built over an original roof hampered efforts to suppress this fire at a Grandview area home Monday.
A home belonging to Kip and Michelle Foster, owners of Dig-It Farms on Grandview Road, was destroyed by fire early Monday.
No one was injured in the July 9 blaze which is being blamed on a shop fire that moved into the attached residence.
Assistant County Fire Chief Curtis Clark said crews had several challenges stopping the blaze. The fire had a good start when responders arrived slightly after 4:20 a.m.
See more of our coverage this week in our e-edition or print editions now on sale.
The family has put up more information on a Facebook page. Search for Foster Family House Fire.