Monday, July 9, 2007

United Community Banks sets $15 mln provision for loan losses

(Reuters) - The bank holding company said it has classified the entire
$23.6 million of individual lot loans within the Spruce Pine
developments as non-performing loans as of quarter-end. It
expects most charge-offs to occur over the next two quarters if
the borrowers default on their loans.





Read more at Reuters.com Bonds News

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