Newest bank is making profits

Newest

bank is making profits

The Bank of Georgia

has achieved a very rare industry milestone. Due in

large part to the support of local business, The Bank of

Georgia achieved

an operating profit in just its second month of

operation. The Bank of

Georgia also met its first-year goals for asset growth

and depository

accounts in less than three months.

Since opening its doors on February 18th, The Bank of

Georgia has achieved

growth largely due to the support of small businesses and

it's

shareholders. Garnering over 600 depository accounts,

including savings,

checking and CD accounts, the bank has been operating in

the black on a

monthly basis since April. Total assets at The Bank of

Georgia exceeded 23

million in the middle of May, more than doubling the

initial capitol base

of 11 million.

The new bank's leadership includes a number of executives

who have been

prominent in the Southern Crescent banking industry for

more than a decade.

"Without the support and confidence of our long-term

customers and friends,

we never would have enjoyed such tremendous

opportunity," said Pat

Shepherd, CEO of The Bank of Georgia.

According to Julian Hester, President of the Community

Bankers Association,

it takes the average startup bank 12 to 15 months before

it operates

profitably.

"For The Bank of Georgia to reach this mark in a

fraction of that time is a

testament to its hard work, quality leadership, and

community support,"

said Hester.

The Bank of Georgia is located on GA Highway 54, just

east of Peachtree

City next to Miles Ace Hardware. For more information,

call 770-631-1114.