CB&T under new ownership ...from page 1 Tax break...from page 1 Towns County Schools bank. True, the bank become Community Bank & Trust Federal Deposit Insurance bank subsidiaries, Community provided by the state. one of the nation’s failed finan- operates 36 banking locations in Corporation a premium to as- Bank & Trust of West Georgia It was believed at the Superintendent Dr. Richard cial institutions, but with 12 Northeast Georgia counties. sume all of the deposits. and Community Bank & Trust time that the Towns County Behrens said that the school Friday’s purchase by SCBT, Based on the June 2009 The FDIC and SCBT also of Alabama. Board of Education and lo- system figured the exemption one of Fortune magazine’s 100 FDIC summary of deposits, Com- entered into a loss-sharing SCBT Financial Corpora- cal municipalities could sim- into its 2010 budget during the Most Trustworthy Companies, munity Bank & Trust ranked agreement covering substan- tion operates 48 financial cen- annual budgeting process. tially all of the acquired loans ters in 16 South Carolina coun- ply vote among themselves the bank figures to be once seventh in the Georgia state de- to be included in the exemp- Statewide, only Towns again a major player in the lend- posit market share among Geor- and foreclosed real estate. ties and Mecklenburg County gia-based institutions. SCBT will not acquire in North Carolina. The corpo- tion process. It was later County homeowners with ing game. local homestead exemptions Founded in 1900, Commu- As of Sept. 30, Commu- any of the assets or assume ration has assets of approxi- determined that additional nity Bank & Trust is the oldest nity Bank & Trust had approxi- any liabilities of Community mately $2.7 billion, and its stock legislation would be re- qualify for the additional bank in Habersham County and mately $1.2 billion in total assets Bank & Trust’s former bank is traded under the ticker sym- quired. $8,000 tax break. one of the oldest financial insti- and $1.1 billion in total deposits. holding company, Community bol SCBT in the NASDAQ Glo- tutions in Northeast Georgia. SCBT did not pay the Bankshares Inc., nor its other bal Select Market. Heat results...from page 1 Bad Company rocks Anderson Music Hall schedule II drug without a Task Force was pleased with prescription; the results of the operation. By Jessica Keaton the encore performance of · Tammy Giles, Pos- “The success of this TOWNS COUNTY HERALD session of a schedule II drug evening’s round-up is the di- [email protected] Bad Company. The evening was not without a prescription; rect result of organized and Bad weather couldn’t just one of music. Howe’s · Charles Alton Bennett, intense investigations by scare off Bad Company. sense of humor shined misdemeanor possession of qualified personnel.” Parks Despite the threat of nasty through in between songs. marijuana; possession with intent is responsible for grant sup- conditions, the band braved His self-deprecating jokes to distribute marijuana. ported narcotics investiga- the rumors of snow and ice were quick crowd pleasers, Towns County Sher- tions that span four counties to rock out Anderson Music making Howe not only a mu- iff Chris Clinton was well that include Lumpkin, Towns, Hall on Saturday night. sical talent worthy of admi- aware of the ongoing in- Union, and White counties. Former member of ration, but a relatable person. vestigations and was The Towns County Bad Company and Ted “That was one of the pleased to see that a well Sheriffs’ Office and the Ap- Nugent vocalist, Brian best concerts I have at- orchestrated mutual effort palachian Drug Task Force Howe, led the band, perform- tended in years,” exclaimed between the Towns urge residents to report any ing hits such as Feel Like Paul Arnold of Young Har- County Sheriffs’ Office and all suspected drug re- Makin’ Love, Can’t Get Bad Company’s Brian Howe rocked Anderson Music Hall on Saturday ris, “Brian Howe’s voice was and the Drug Task Force lated activity to local law Enough, Ready For Love, night despite the threat of bad weather. Photo/Jessica Keaton amazing, and the guitar work yielded several suspects enforcement. and an encore of their title some of their own material. tims of the Haiti earth- was fantastic”. allegedly involved in illegal The Drug Task Force track, Bad Company. Following Little quake. Verlene and Scott narcotic activity. can be reached at (800) 497- Opening for Bad Giant’s performance, the The night was an Satterfield of Dawsonville were Brad Parks, GBI assis- 6121 or the Towns County Company was a local band, traditional raffle, this time for interactive one, with Howe in agreement: “It was great.” tant Special Agent in Charge Sheriff’s Office at (706) Little Giant, from Hall two mirrors signed by Brian encouraging the fans to sing The sounds of classic and commander of the Drug 896-4444. County. The band did a num- Howe and front row tickets, along with their favorite Bad rock shifted the evening’s fo- ber of cover songs, including took place. All profits were Company tunes. Perhaps cus from the weather. The a rendition of John Mayer’s donated to the American the most vocal the crowd got memorable legend of Bad Crossroads, along with Red Cross to help the vic- on this evening was during Company rocked on. Arts and Crafts Butterworth talks economics show scheduled Brasstown Valley is that you will find that very This week, the state legis- based tax reform that is com- proud to announce its special item for the special lature completed four more leg- prehensive, rather than fo- Sweethearts Arts and sweetheart in your life. Park- islative days and is moving along cused on only one sector. very quickly. Committees began Not one expert dis- Crafts Show. The show will ing at admittance is free. deliberating legislation and tak- cussed spending more and rais- be held indoors at the resort Brasstown Valley Re- ing on the big issues of jobs and ing taxes on the American on February 13th and 14th sort and Spa is nestled in the economy. Among them was people. This is our promise to 2010. Hours will be 10am to North Ga Mountains located a Joint Economic Development the people of Georgia: we must 5pm each day. in Young Harris Ga. Stop in Meeting. As a member of the balance a budget without any This is a juried event and enjoy this unique event Senate Economic Development added burden on the tax payer. will many outstanding and and the beautiful surround- Committee, I am working with my This principle will create an en- talented vendors presenting ings of the resort. Come colleagues to bring much- vironment for growth. Small needed jobs to our great state businesses and corporations their work. There is no doubt make it a day. and Northeast Georgia. can’t survive, much less grow, The Economic Develop- with heavy tax burdens from the State Sen. Jim Butterworth ment committee gathered experts state. If there is growth, devel- on the economy and jobs to pro- opment will follow, meaning committees will continue dis- vide an economic outlook and more companies will look to cussing ways the legislature make recommendations on how Georgia as a place to do busi- can encourage growth in to jump-start Georgia’s economy. ness. Georgia’s job sector. We un- Economist Robert Pretcher noted We have seen incremen- derstand that people through- that despite Congress passing tal growth in Georgia in the last out America, Georgia, and the the biggest spending bill in his- year, but it is not enough. Kia 50th Senatorial district of Geor- tory last February, jobs continue opened a plant and brought gia are hurting from a lack of to crumble. “This is graphic evi- 1,200 much-needed jobs to the jobs and growth, and an abun- dence that the stimulus package state. In addition, auto parts dance of taxes. The key to eco- is part of the problem,” he said. suppliers added approximately nomic stimulus, survival and We must focus on reducing 3,000 jobs. Georgia Tech esti- growth is jobs, jobs, jobs. spending and cutting waste as it mates that this plant will bring As always, I am honored is a proven root cause of this eco- nearly 20,000 new jobs by 2012. to serve you, the 50th Senato- nomic downturn. In Northeast Georgia, RITZ In- rial district. Please do not hesi- Roger Tutterow, profes- strument Transformers brought tate to contact me with any sor of economics at Mercer 50 jobs and $3 million in invest- questions or concerns. University, highlighted the ef- ments and Team Metal Finish- Sen. Jim Butterworth fect that the downturn in con- ing brought 12 jobs and $2 mil- represents the 50th Senate struction had on jobs. lion in investments. These num- District which includes Georgia’s heavy exposure in bers may seem small in compari- Towns, Rabun, Habersham, the construction and real es- son but each job takes some Stephens, Banks, Franklin, tate sector is a large part of why burden away from a family and and Hart counties along with the state ranks among the top I am grateful for that. a portion of White County. He ten states in job loss. In order Throughout the Legisla- can be reached by phone at to move forward, Tutterow en- tive Session, the Senate and 404.463.5257 or by email at couraged us to consider broad- House Economic Development [email protected].