Thanks to the person who commented and linked to this article.  From the Atlanta Business Chronicle, Monday’s edition:

First Commerce Community Bankshares Put Under Written Agreement
Atlanta Business Chronicle

First Commerce Community Bankshares Inc., parent of First Commerce Community Bank of Douglasville, Ga., is now under oversight of Federal Reserve Bank of Atlanta and banking commissioner of Georgia.

Under the terms of the “written agreement,” the bank is restricted from paying dividends, buying/redeeming shares of its stock or accruing additional debt without prior consent of the Federal Reserve Bank of Atlanta and banking commissioner of Georgia.

The bank must also submit written progress reports to the Federal Reserve and banking commissioner within 30 days after the end of each calendar quarter.

First Commerce Community Bankshares President William C. Lumpkin Jr. signed the agreement on June 1. The federal government reported the agreement on June 8.

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