CB&T executes Cease and Desist Order

CORNELIA - Community Bank & Trust, which is based in Cornelia and has a number of North Georgia branches, has executed a Cease and Desist Order with the FDIC and the Georgia Department of Banking and Finance.

CB&T's Hall County Division President Mike Whitmire said the order is not a request to stop basic operating practices.

"This basically means that our organization has been asked by the regulators to formally address improvements requiring attention and cooperation. In this case, we have entered into this order cooperatively and will proactively work with the regulators toward our common goal of improved performance," he said.

Whitmire said the bank is cooperating and has already completed a portion of the corrective actions required by regulators.

"When we successfully make it to the other side of this downturn, we will do so stronger, more efficiently, and better able to serve all the needs of our customers in every community we call home," he said.