05.02.2011
Horford's FTs lift Hawks past Clippers, 101-100
ATLANTA – Al Horford made two free throws with 0.6 seconds remaining following a flagrant foul by Blake Griffin, giving the Atlanta Hawks a 101-100 victory over the Los Angeles Clippers on Friday night.
Griffin sent Marvin Williams and then Horford to the floor with hard fouls in the final seconds. The last was the most costly, though Clippers coach Vinny Del Negro argued against the flagrant 1 ruling.
Jamal Crawford had 34 points, 16 in the third quarter. Atlanta's two All-Stars had big games: Horford had 23 points and 12 rebounds, and Joe Johnson added 17 points, nine assists and nine rebounds.
Baron Davis had 22 points and 13 assists for Los Angeles. Griffin, the NBA's first rookie All-Star selection since Yao Ming in 2003, had 19 points and 11 rebounds.
Eric Bledsoe made two free throws after he was fouled by Crawford with 11.5 seconds left to give the Clippers a 100-99 lead. The Clippers' Randy Foye then blocked a shot by Johnson and the ball bounced out of bounds as the two players fought for possession.
The officials went to the TV replay monitor to determine possession and ruled a jump ball with 4.2 seconds remaining. Johnson tipped the ball to Williams, who was sent crashing to the floor on a foul by Griffin, giving possession to the Hawks with 3.3 seconds to go.
The pass went to Horford, who drove to the basket and was leveled on another hard foul by Griffin. Each player was left sprawled on the floor for a couple minutes.
Horford, holding his back in pain, remained in the game to shoot the two decisive free throws.
The Clippers' front line caused problems early before Crawford had 16 points in the Hawks' 26-6 run to finish the third quarter. After trailing by eight, the Hawks led 79-67 at the end of the quarter.
Williams returned from a two-game suspension for a fight with New York's Shawne Williams. Marvin Williams, the regular at small forward, didn't start as Hawks coach Larry Drew went with his big lineup. Jason Collins joined Al Horford and Josh Smith on Atlanta's front line.
The 7-foot Collins wasn't enough against the Clippers' inside game, led by Griffin, Ike Diogu and DeAndre Jordan.
Jordan used a quick move to shoot past Collins for a jam on the Clippers' first two baskets, setting the pace for an emphasis on inside production.
Diogu had 14 points, including 12 in only 8 minutes in the first half.
Notes: Davis (back spasms) was cleared after pregame warmups. ... The Hawks are 5-5 against Western Conference teams. ... Los Angeles opened an 11-game road trip, including eight games before the All-Star break. The Clippers fell to 3-16 on the road.
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Caps beat Roloson to halt Lightning's win streak
ST. PETERSBURG, Florida (Reuters) – The Washington Capitals finally found a way past goaltender Dwayne Roloson as they halted Tampa Bay's winning streak at six games with a 5-2 victory over the Lightning Friday.
Roloson had shut out Washington in their previous two meetings but Nicklas Backstrom scored 9:09 into the first period to give the Capitals their first goal against Tampa Bay in 134 minutes.
Backstrom scored twice and had two assists while his linemate Alex Ovechkin had a goal and three assists. Brooks Laich and Jason Chimera, into an empty net, scored the other goals for Washington.
"It felt a little bit like a playoff game," Backstrom said. "It was a big game for us, a big two points."
Teddy Purcell opened the scoring for the Lightning and added an assist on Brett Clark's powerplay goal late in the second period to leave Tampa Bay trailing 2-3 heading into the final period.
"Last two times we played these guys, we shut them out. We just shut out (Philadelphia), and there was absolutely no urgency in our game," said Lighting coach Guy Boucher.
"It's a lack of respect for the opponent. They (Washington) kept saying they had to play the game of their season, and they did. They deserved everything that happened to them tonight."
With the win, second-placed Washington cut the Lightning's lead in the Southeast Division to three points.
"This game was very important for both teams," Ovechkin said. "They're in first place, and we want to be in their spot."
(Reporting by Mike Mouat in Windsor, Ontario; editing by Mark Lamport-Stokes and Peter Rutherford)
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Regulators shut 3 small banks; 14 failures in 2011
WASHINGTON – Regulators on Friday shut down three small banks in Georgia and Illinois, bringing to 14 the number of bank failures in 2011 following last year's tally of 157 amid the sagging economy and mounting bad loans.
The Federal Deposit Insurance Corp. seized American Trust Bank, based in Roswell, Ga., with $238.2 million in assets and $222.2 million in deposits; North Georgia Bank of Watkinsville, Ga., with $153.2 million in assets and $139.7 million in deposits; and Chicago-based Community First Bank, with $51.1 million in assets and $49.5 million in deposits.
Renasant Bank, based in Tupelo, Miss., agreed to assume $147.4 million of the assets and all the deposits of American Trust Bank. BankSouth, based in Greensboro, Ga., is assuming $123.9 million of the assets and all the deposits of North Georgia Bank. Northbrook Bank and Trust Co., based in Northbrook, Ill., is acquiring the assets and deposits of Community First Bank.
In addition, the FDIC and Renasant Bank agreed to share losses on $94.3 million of American Trust Bank's loans and other assets. The FDIC and BankSouth are sharing losses on $120.1 million of North Georgia Bank's assets. The agency and Northbrook Bank and Trust are sharing losses on $42.8 million of Community First Bank's assets.
The failure of American Trust Bank is expected to cost the deposit insurance fund $71.5 million. The failure of North Georgia Bank is expected to cost $35.2 million; that of Northbrook Bank and Trust, $11.7 million.
The two Georgia banks brought the number of failures in that state this year to four. Georgia has been one of the hardest-hit states for bank failures amid an avalanche of bad loans — especially for commercial real estate. Twenty-one banks were shuttered in the state last year. Other states that have seen large numbers of bank failures are Florida, California and Illinois.
The 157 bank closures nationwide last year topped the 140 shuttered in 2009. It was the most in a year since the savings-and-loan crisis two decades ago.
The FDIC has said that 2010 likely would be the peak for bank failures. Already this year the pace of closures has slowed: By this time last year, regulators had closed 16 banks.
The 2009 failures cost the insurance fund about $36 billion. The failures last year cost around $21 billion, a lower price tag because the banks that failed in 2010 were on average smaller. Twenty-five banks failed in 2008, the year the financial crisis struck with force; only three succumbed in 2007.
The growing number of bank failures has sapped billions of dollars out of the deposit insurance fund. It fell into the red in 2009, and its deficit stood at $8 billion as of Sept. 30.
The number of banks on the FDIC's confidential "problem" list rose to 860 in the third quarter of last year from 829 three months earlier. The 860 troubled banks is the highest number since 1993, during the savings-and-loan crisis.
The FDIC expects the cost of resolving failed banks to total around $52 billion from 2010 through 2014.
Depositors' money — insured up to $250,000 per account — is not at risk, with the FDIC backed by the government. That insurance cap was made permanent in the financial overhaul law enacted in July.
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