Tuesday, August 25, 2009

Georgia Department of Banking and Finance Takes Possession of First Coweta Bank, Newnan, Georgia

The Georgia Department of Banking and Finance (“Department”) took possession of First Coweta Bank, Newnan, Georgia on August 21, 2009. The Superior Court of Coweta County issued an Order appointing the Federal Deposit Insurance Corporation (“FDIC”) as Receiver of the Bank effective upon the Department taking possession of First Coweta Bank.

The Department took possession of First Coweta Bank pursuant to the Official Code of Georgia, Section 7-1-150(a) which authorizes the Department in its discretion to take possession of the business and property of any state chartered financial institution whenever such financial institution is either insolvent or operating in an unsafe or unsound condition to transact its business, is operating in violation of any court order, statute, rule or regulation, or requests the Department to take possession of its business and property.

Through an agreement with the FDIC, First Coweta Bank will be acquired by United Bank, Zebulon, Georgia.

All deposit accounts of First Coweta Bank have been transferred to United Bank and will be available immediately. On Saturday, August 22, 2009, depositors were able to access their accounts at the former main office and branch locations of First Coweta Bank. Customers of both banks should continue to use their existing branches until United Bank can fully integrate the deposit records of First Coweta Bank. Additionally, the former depositors of First Coweta Bank can continue to access their accounts through automated teller machine transactions, checks and debit transactions.

All deposits will be transferred to United Bank and, therefore, it is not anticipated that there will be any loss exposure to former First Coweta Bank depositors that have deposits exceeding the FDIC Deposit Insurance amounts.

The Department’s Commissioner, Robert M. Braswell, reminds depositors that deposits of all Georgia banks are insured by the FDIC up to $250,000. Special rules are in place for accounts held in trust status and joint accounts that may further expand deposit insurance coverage. You can find additional information on FDIC Deposit Insurance at www.fdic.gov.

The FDIC has established a website and a toll-free phone number to answer questions from depositors, creditors and other interested parties regarding the receivership of First Coweta Bank. Please refer to the FDIC’s website for further information regarding the details of the purchase and assumption transaction. The website is www.fdic.gov and the toll-free phone number is 1-800-405-8028. The phone number is operational this evening until 9 p.m. Eastern Standard Time, on Saturday from 9 a.m. until 6 p.m. on Sunday from noon to 6 p.m. and thereafter from 8 a.m. to 8 p.m.

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Thursday, August 20, 2009

Local Florist to Support Good Neighbor Day

Residents of Newnan and Coweta County will once again have the unique opportunity to meet each other and develop new friendships when Arthur Murphey Florist hosts its second annual Good Neighbor Day on Wednesday, September 9, 2008. Beginning at 9:00 a.m., Arthur Murphey Florist at 6 LaGrange Street in historic downtown Newnan will give away a minimum of 1500 roses in bunches of a dozen, absolutely FREE to anyone who visits the shop, while supplies last.

Anyone who picks up a dozen free roses will be asked to keep one of the roses and give the others away to 11 different people – spreading goodwill and friendship in the community. In keeping with the spirit of “Good Neighbor Day”, a donation of a non perishable food item for the local food bank would be appreciated but not required. All items collected will be taken directly to the Newnan Food Bank located at One Roof Ministries.

“This is an opportunity for us to motivate our community and get people to show friends, family and strangers how much they care,” says Hutch Murphey, owner. “Newnan and Coweta County is made up of friendly, caring people that can make an impact right here at home.”

Arthur Murphey Florist has been located in Historic downtown Newnan for over 60 years and was founded by Hutch’s father, Arthur “Doodle” Murphey. Murphey Florist is a full service FTD florist offering service to all of Coweta County.
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Wednesday, August 19, 2009

Coweta County Holding Millage Steady for 2009

The Coweta County Board of Commissioners voted last night to maintain or reduce the county’s millage rate for 2009.

“We are holding steady or, for the unincorporated area, slightly reducing the millage for 2009,” said Coweta County Commission Chairman Paul Poole. “We feel like it is extremely important that we keep our expenses to a minimum in the current economic market. Our citizens have tightened their belts and expect us to do the same – even while we invest in important infrastructure projects.”

This is the second year in a row that the Commission has either slightly reduced or kept the millage rate steady. The proposed rates are 7.66 for the incorporated areas, which is the same as last year, and 6.93 for the unincorporated areas, which is .05 mills less than last year. The net levy will increase by only $128,764 due to growth in the digest.

The difference in rates is due to the way insurance premium taxes are returned to the county and municipalities. Unincorporated property owners receive credit for the insurance premiums that are returned to the county. Cities and municipalities also receive this credit and can pass it along to their property owners on city tax bills.

Coweta citizens approved a $20 million Fire Bond last November that will vastly improve fire and public safety services in the county. The Fire bond will amount to roughly $28 in taxes for a $150,000 home. These dollars will be used to purchase new fire equipment, build two fire stations and purchase a new, countywide public safety communications system and should result in an improved ISO rating and lower insurance premiums for citizens.

Citizens in the unincorporated areas, along with the municipalities of Moreland, Turin and Sharpsburg, will see an additional line item on their tax bill for this fire bond. The municipalities of Grantville, Senoia and Haralson are participating in this Fire Bond as well and will include the cost on city tax bills.

The state has also made a change that will affect taxpayers. Since 1999, the Georgia General Assembly and the Governor have provided a credit on property tax bills called the Homeowners Tax Relief Grant (HTRG). In recent years, that credit resulted in a $200 - $300 reduction to property tax bills.

Due to financial strains on the state budget, the Georgia General Assembly and the Governor did not fund this credit for 2009 property tax bills. While the HTRG credit may someday be reinstated by the General Assembly, it is not expected to be considered again until state revenues increase significantly. Because of that credit not being funded, the average homeowner will have an increase on their tax bill.
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Wednesday, August 12, 2009

Coweta-Fayette EMC and Chamber's Bowling Adventure Turns Back Clock to the Rocking 50s

Dust off those poodle skirts, grab your pink bubble gum, and get into the swing of things for the annual Coweta-Fayette EMC and Newnan-Coweta Chamber of Commerce Bowling Adventure on Thursday, August 27 from 1:30 to 5:00 pm at Junction Lanes. Members and non-members
are invited to participate in this 50's style event which features a "Rockin' Around the Lane" theme. Annually people come from all over Coweta County to participate in this afternoon of friendly competition, networking, and team building.

"This will definitely be a high-energy crowd, so it makes perfect sense for Coweta-Fayette EMC to be the title sponsor," said Mary Ann Bell, Vice president of the utility. "We think the Chamber adds great value to our community and we encourage anyone and everyone to join the fun. We welcome the new Silver Sponsors Cardiovascular Consultants of Georgia and PAPP Clinic."

Robin Harrington, general manager of Junction Lanes, explained that this year's tournament features a few new twists including an "At the Hop" Networking Game, "Spin the Wheel" when you make a strike, and "Mystery Shot" Contest for Cash. Junction Lanes serves as the annual facilities sponsor.

Immediately following the bowling tournament will be a Chamber "Business-After- Hours" networking event sponsored by Marketing Sense.

Prizes will be awarded for the best-dressed team (50's attire), the best-decorated lane, and the best combined score. In addition, to win prizes, individuals can compete in the Crazy Bowl and Out-Med "Mystery Shot" contests.

The best advertising deals in town can also be found as a part of the bowling adventure. Businesses can promote their products and services for an entire year to more than 338,000 people. Special deals are available for year-long banner ads, lane sweeps, and combo packages, starting as low as $100.

Registration information is available from the Chamber at 770.253.2270 or at
info@newnancowetachamber.org. Cost for Chamber members is $200 per team for four players or $50 per individual.

About the Newnan-Coweta Chamber of Commerce

With almost 700 members throughout Coweta County, the Newnan-Coweta Chamber
of Commerce is an independent, nonprofit organization dedicated to
increasing economic prosperity for all Coweta's citizens. As the county's
largest business organization, the Chamber works to provide business
leadership to foster an economic and cultural climate favorable to all
business, in order to create a higher quality of life for all residents.


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Wednesday, August 5, 2009

Kayla Morris Named to Gordon College Dean's List

Kayla Morris of Coweta County was named to the spring semester Dean’s Merit List. In order to be named to the Dean’s Merit List a student must be in good standing with a semester GPA of 3.50 or higher for 10 or 11 semester hours.