Towns County Wrestlers Compete Nationally- Page 8A GOP spotlights Georgia’s top FFA speaker- Page 10A Volume 01 Issue 12 Visit us on-line at www.townstribune.com Blue vs. White big event Gas prices increase more than a nickel a gallon Georgia gas prices have taken one of the biggest jumps in the Southeast over the past week. Gas prices increased by 5¢ per gallon last week. Investors were unable to sustain the high price of crude oil and watched it drop more than $10 this week to settle Friday at $75.11 on the New York Mercantile Exchange. The national average price of unleaded regular gasoline is $2.91 per gallon and Tennessee’s average price is $2.78 per gallon, both reflecting a three-cent increase from last week. Florida’s average price is $2.90, up two cents from last week, and Georgia’s is $2.84, an increase of five cents, respectively. Contents Page 2A Calendar page 4A Editorial pages Sports 8A-9A page 11a Classifieds page 12A Coupon page (shop locally) 7 55069 86071 2 22310 50¢ North Georgia Bank failures send a red flag to authorities Criminal Investigations are opened Becky Landress Tribune Editor During the month of March alone, five different North Georgia banks failed. The number of bank failures for the state of Georgia is the Who could ask for more than a Friday night filled with good food, good friends and good football? A TCHS Blue vs. White football game is scheduled for this Friday night, May 14th, starting at 5 p.m. at the TCHS football stadium. BBQ and other concessions will be served at the game. Tickets can be obtained at C&J Mountain Outfitters in Hiawassee prior to the game or they may be purchased from any TCHS Indian football player. See you at the game! One section 12 pages May 11, 2010 City of Hiawassee urges Bank to retain local employees highest in the nation, at 37 banks. “The northern district of Georgia has had more bank failures than any other district in the nation,” stated U.S. attorney Sally Yates. Due to this fact, federal authori- ties have now opened criminal investigations into a number of different bank failures in this district. Authorities have not specified which North Georgia banks are included in the criminal investigation, nor how many of those banks. Most of the failed banks in the mountains ran into trouble when large pools of real estate and development loans went bad. Every time this happens, federal regulators move in and search through records, looking for any obvious wrong doing. If anything jumps out immediately at the regulators, those potential problems are forwarded on to federal see BANKS on page 6A Students rule at 2010 Special Olympics Becky Landress Tribune Editor At the regular City of Hiawassee Council meeting held on May 4, council members, along with Mayor Barbara Mathisurged new local banks to retain local employees. Mayor Mathis signed a Resolution this. Upon motion made and seconded, the Council adopted the Resolution urging local Banks to retain local employees. The Tribune ran a story in the April 27th edition, announcing Bank of Hiawassee, now owned by Gastonia based Citizens South, will be laying off more than thirty employees this summer. The vast majority of those employees come from the main branch of the bank with several more included in the operations office. In other business at the meeting- Upon a motion made and seconded, the Council also ratified the Mayor’s execution of a depository agreement with the Bank of Hiawassee under the Georgia Safe Funds Act and released the prior Institution holding collateral. [Safe Funds Act, Requirement for Government Depository] Council member, Joan Crothers, reported on the work of the Committee in their May meeting. Items included their discussion of the need for a SPLOST to fund needed city projects; a discussion of Downtown Development and the Comprehensive Plan; a discussion of the need to encourage the new local banks to retain local employees; the final submission of the City’s loan application to USDA; and support for sidewalks. The Mayor reported on see COUNCIL on page 6A Becky Landress/ Tribune photo The 2010 Special Olympic games were held at the football field and track of Towns County Schools Wednesday. Students from Towns and Union County schools participated in events of all sorts. The Special Olympics is an annual event for Towns/ Union County Schools. The students are encouraged by fellow classmates, teachers and coaches. The day was filled with smiles just like the one Wesley wears in the photo above. See page 9A for more Special Olympic photos from the big event. Accident at Junction results in injuries This accident at the junction of Hwy 17& 76 in Young Harris occurred on Wednesday, May 5th, around 5p.m. Traffic was routed through the parking lots of neighboring gas stations while the accident was investigated and cleaned up. Injuries were reported and one patient was flown out. No word as of the names and conditions of the victims as of press time.