The 2 Regional Banks and 2 Megabanks That Rule Georgia
Oct 11th 2013 7:40AM
Updated Oct 11th 2013 7:42AM
The greater Atlanta metro area was one of the single hardest-hit regions during the financial crisis. In fact, Georgia had more bank failures from 2008-2011, with 74, than any other state.
But that was then, and this is now. Atlanta, and Georgia at large, are recovering. Earlier this year, Wells Fargo Economics, LLC reported a very optimistic report on Georgia's recovery and prospects, pointing to a recovery in real estate, strength in agriculture, and a strong influx of new industry driven by
transportation and distribution... with the Hartsfield-Jackson International Airport, Port of Savannah, Georgia's Interstate highway system and extensive rail network all making the region an attractive place for manufacturing, distribution and corporate headquarters.
In the video, Motley Fool contributor Jay Jenkins uses banks as a proxy for investing in Georgia's future. From megabanks like Bank of America and Wells Fargo to regionals like hometown heroes SunTrust Banks and Synovus Financial Corp , these banks are well-positioned players to benefit from a rejuvenated Peach State.
Have you missed out on the massive gains in bank stocks over the past few years? There's good news: It's not too late. Bargains of a lifetime are still available, but you need to know where to look. The Motley Fool's new report "Finding the Next Bank Stock Home Run" will show you how and where to find these deals. It's completely free -- click here to get started.
The article The 2 Regional Banks and 2 Megabanks That Rule Georgia originally appeared on Fool.com.Fool contributor Jay Jenkins has no position in any stocks mentioned. The Motley Fool recommends Bank of America and Wells Fargo. The Motley Fool owns shares of Bank of America and Wells Fargo. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.