Community Bank and Trust – West Georgia in LaGrange has entered into a cease-and-desist order with the Federal Reserve.
The C&D order instructs the $288 million-asset bank to improve board oversight, strengthen its senior management, and consider raising capital.
The bank, which has been dealing with credit-quality issues, formed Phoenix Lender Services, a government-guaranteed lending division, last year. The bank’s ratio of nonperforming assets to total loans topped 10% at the end of 2025.