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UCBI becomes third Georgia bank to get TARP money

United Community Banks Inc. will receive $180 million from the U.S. Treasury’s Capital Purchase Program. The Blairsville, Ga., bank -- the state’s third-largest at $8 billion in total assets -- joins Synovus Financial Corp. and SunTrust Banks Inc. as the only local recipients of the federal money thus far. Full Story

Synovus to get $973 million from Treasury

Synovus got preliminary approval for the sale of $973 million in preferred stock and related warrants to the U.S. Treasury. It plans to use the cash to strengthen its capital base, enhance lending capabilities and strategic purposes such as buying other banks. Full Story


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Georgia needs $100 billion for transportation

A gap of about $100 billion exists to fulfill Georgia’s transportation needs in the next 20 years, according to the first part of a study commissioned by Gov. Sonny Perdue and his transportation agencies. Full Story

Obamania: AirTran adds flights for Inauguration

AirTran Airways will add more round-trip flights for Barack Obama’s inauguration in response to consumer demand. Full Story

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