Hamilton Bank makes acquisitions
•DACULA - Hamilton State Bank plans acquire the Jefferson, Hoschton and Dacula branches of nBank.
In a press release Tuesday, Braselton-based Hamilton State Bank said the acquisition gives it five branch locations in Hall, Jackson, Barrow and Gwinnett counties. The deal is expected to be completed in the fourth quarter, pending regulatory approval.
"The addition of the nBank branches complemented our strategic plan of providing banking services along the I-85 corridor of Gwinnett and Jackson counties," Hamilton State Bancshares CEO Bob Oliver said in a press release.
Hamilton State Bancshares, parent of Hamilton State Bank, ended its most recent quarter with nearly $122 million in total assets, but the acquisition will boost that number to $190 million.
Home Depot 2Q profit up 5.3 percent
•ATLANTA - The Home Depot Inc. said Tuesday its second-quarter profit rose 5.3 percent, it will resume same-store sales reporting and it is investing another $350 million in improving its business. It said it expects earnings growth for the year to be at the low end of its previous guidance.
The results for the nation's largest home improvement store chain in the recent quarter beat Wall Street expectations, when a one-time tax charge is excluded, and its shares rose more than 3 percent.
''The driver of the stock is the guidance from the company, which wasn't as bad as people feared,'' said Edward Jones analyst Stephanie Hoff. She added, ''I think they're addressing some of the challenges.''
Dell customers flock to replace
notebook batteries that catch fire
•DALLAS - Notebook computer owners began calling Dell Inc. and surfing to a special company Web site Tuesday to get replacements for lithium-ion batteries that could cause their machines to overheat and even catch fire.
The world's biggest computer maker said it began shipping replacements Tuesday for 4.1 million recalled batteries. Dell said it received more than 100,000 phone calls, 23 million Web site hits and took 77,000 orders by late in the day.
Orders were being filled on a first-come, first-served basis, said spokesman Ira Williams. He couldn't estimate how long customers might have to wait. It could vary, he said.
The replacements are coming from Sony and a handful of other battery manufacturers.
- From wire reports