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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.

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com holds 8th Annual Fall Empowerment event

LittlePINKBook.com, the digital platform for career women, hosted its 8th Annual Fall Empowerment Event on November 13. More than 300 professional women attended the luncheon event, at the Atlanta History Center, along with more than 550 unique viewers joining via live stream. Some viewers planned gatherings of 50 or more women and leveraged the event to enhance their own business and networking meetings in cities across the globe.

The executives on the panel candidly answered questions related to their career paths to the C-Suite. Glenda Umaña, anchor at CNN en Español, was the event’s moderator. Read LittlePINKBook.com’s “Top 10 Takeaways” for favorite thoughts shared by the three panelists:

·        Teri List-Stoll, SVP and Treasurer, Procter & Gamble

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.

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.

Dept. of Labor launches system to improve unemployment insurance

Dept. of Labor launches system to improve unemployment insurance

ATLANTA -- The Georgia Department of Labor recently rolled out a new electronic system designed to increase efficiency and reduce costs of operating the state's unemployment insurance program.

Georgia is one of 10 states to adopt the State Information Data Exchange (SIDES) E-response. It allows employers to respond promptly to the Department of Labor when a former worker files an unemployment claim, according to state Labor Commissioner Mark Butler.

"This new online capability is part of our continuing effort to make the Georgia Department of Labor more user-friendly and technologically up-to-date," Butler said in a statement. "This will significantly speed communications between the labor department and employers. At the same time, it will help prevent some overpayments to people who might not be eligible for benefits, saving us from having to go back and try to collect money from ineligible applicants."

Atlanta Movie Tours showcases Hollywood South to visitors worldwide

Atlanta Movie Tours showcases Hollywood South to visitors worldwide

Carrie Sagel Burns and Patti Davis have recently announced the premiere of Atlanta Movie Tours, which will give people an insiders view of the thriving Hollywood South. AMT will be the first of its kind in Atlanta, as guests board luxury coaches to tour iconic movie & television locations in and around the Atlanta area.

“As movie & television fans ourselves, we are thrilled that so many productions have fallen in love with our beautiful city and state. To be able to share Atlanta with visitors through Atlanta Movie Tours is icing on the cake,” says Davis.

Guests of AMT will board luxury coaches provided by Hennessy Transportation, and be whisked into the world of entertainment. All tour guides are actors, crew or extras that have worked on productions here in Georgia.