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Bank of America adds 35 small biz bankers in Atlanta

Bank of America adds 35 small biz bankers in Atlanta

ATLANTA -- Bank of America Corp. reported Wednesday it hit its target of hiring more that 1,000 small business bankers in 2012, including 35 in Metro Atlanta.

The Charlotte, N.C.-based bank said it extended $280.2 million in credit to Georgia small businesses and $8.7 billion nationally last year. The $8.7 billion was an increase of 28 percent over 2011.

It recently reported net income of $2.8 billion for 2012. It also saw its head count shrink by about 5,000 employees to 267,190 in the fourth quarter, evidence that BofA is still trimming staff levels as it works to lower its expenses. Branches also continued to close, with BofA reporting 5,478 banking centers across its U.S. franchise at the end of the year, down from 5,702 centers a year earlier. 

Bank of America is the third-largest bank in metro Atlanta with 145 local branches and $20.4 billion in area deposits for a market share of 17 percent. 

Cobb, DeKalb, Fulton sue HSBC over predatory lending

Cobb, DeKalb, Fulton sue HSBC over predatory lending

ATLANTA -- Three Atlanta-area counties have filed a lawsuit claiming that British bank HSBC engaged in predatory lending that ended up costing them hundreds of millions of dollars.

Cobb, DeKalb and Fulton counties say the bank aggressively signed minorities to housing loans that were likely to fail. The counties say it caused tremendous damage, including extra expenses and lost tax revenue.

The lawsuit says the banks violated the Fair Housing Act, which provides protections against housing or renting policies or practices that discriminate on the basis of race, color, national origin, religion, sex, family status or handicap.

A lawyer for HSBC said he couldn't comment on the lawsuit, which was filed in October. A federal judge has given the bank until Jan. 25 to file a response.

Small Business Administration offers drought aid

Small Business Administration offers drought aid

ATLANTA -- The U.S. Small Business Administration announced Monday that it will accept applications for loan assistance for Georgia enterprises in 12 counties affected by the drought.

The aid program targets farm-related and other entities not covered by aid from the Department of Agriculture.

The eligible counties are Banks, Barrow, Cherokee, Dawson, Forsyth, Fulton, Gwinnett, Habersham, Hall, Jackson, Lumpkin and White.

The loans are intended to cover fixed costs such as payroll and scheduled debt payments. They are capped at $2 million with terms up to 30 years. Interest rates are 3 percent for non-profits and 4 percent for small businesses. The SBA determines the amounts and specific terms.

More information for potential applicants is available by calling 800-659-2955 or going online to sba.gov.

The application deadline is Apr. 22, 2013.

MOSAIC Group Named to National List

MOSAIC Group Named to National List

Atlanta-based MOSAIC Group [Architects and Remodelers] has been named to the 2012 Qualified Remodeler Top 500 Remodelers List. The company grabbed the 264th spot in the United States and the 9th slot in the state of Georgia.

The Qualified Remodeler Top 500 program is a CPA-audited analysis of the financial performance of remodeling firms throughout the country. Applications are analyzed and verified by the magazine's editorial staff and double checked through public records, websites and other sources.

MOSAIC Group is owned by William Fadul and Architect Rick Goldstein.

Fulton County Workforce Investment Board to Elect Officers during June 21 Quarterly Meeting

Fulton County Workforce Investment Board to Elect Officers during June 21 Quarterly Meeting

The Fulton County Workforce Preparation and Employment System –Workforce Investment Act Board (FCWPES-WIA) will meet Thursday, June 21, 2012, beginning at 9:30 A.M.  The meeting will be held in Seminar Room 205, Sections A & B of the Cleveland L. Dennard Conference Center at Atlanta Technical College located at 1560 Metropolitan Parkway SW in Atlanta, GA 30310.  The Board will elect officers for the program year, which begins July 1, 2012

The FCWPES-WIA Board oversees activities related to providing an environment that supports a skilled and trained workforce and to creating innovative programs that serve the changing needs of employers and the business community.

The Ken Ford Foundation partners with Ray's Restaurants for "Strings on the River"

The Ken Ford Foundation partners with Ray's Restaurants for "Strings on the River"

Ray's on the River, known as one of Atlanta's premiere riverside dining destinations, is partnering with The Ken Ford Foundation (KFF), founded by internationally known musician, "King of Strings" entertainer, Ken Ford to host "Strings on the River" on Saturday, May 19, 2012.

UHY Advisors Taps Beth Bissell as Marketing Manager for Atlanta Office

UHY Advisors Taps Beth Bissell as Marketing Manager for Atlanta Office

UHY Advisors Inc. today announced the appointment of Beth Bissell as Marketing Manager for the Southeast practice. Bissell will be based in the Atlanta office, serving clients nationwide. She brings expertise in proposal writing, as well as design, process improvement and project management and will report to UHY Advisors’ Managing Director in the southeast, Frank Fenello.

“Beth Bissell’s extensive experience in proposal design and process will take us to a new level,” said Frank Fenello. “It’s vital that we provide our clients with materials that embody not just information but also the transformative power of what UHY Advisors offers companies.”

Nationally, UHY Advisors is one of the top 25 professional services firms specializing in business consulting and tax services to public and private companies in the Fortune 1000 and middle market.