Georgia Bank & Trust

Not to be confused with Bank of Georgia.
Georgia Bank & Trust Company
IndustryBanking
FoundedAugust 28, 1989; 35 years ago (August 28, 1989)
DefunctJanuary 4, 2017; 7 years ago (January 4, 2017)
FateAcquired by South State Corporation
HeadquartersAugusta, Georgia
Key people
Total assetsIncrease $1.9 billion (2016)[1]

Georgia Bank & Trust Company was a bank based in Augusta, Georgia. It was a subsidiary of Southeastern Bank Financial Corporation, a bank holding company. It was the largest bank headquartered in Augusta, Georgia and was second in market share in the city.[1] In 2017, the company was acquired by South State Corporation.

History

The bank was founded on August 28, 1989.[2][1]

In 1997, R. Daniel Blanton was named chief executive officer of the bank.[3]

In 2002, the bank reached $500 million in assets.[3]

In 2006, the bank reached $1 billion in assets.[3]

In October 2016, Jay B. Forrester was named president of the company.[4]

In 2017, the company was acquired by South State Corporation.[5]

References

  1. ^ a b c "South State Corporation Announces Merger with Southeastern Bank Financial Corporation – Expands SC and GA presence" (Press release). Business Wire. June 17, 2016.
  2. ^ "Institution History for AUGUSTA BRANCH (1402610)". Federal Financial Institutions Examination Council.
  3. ^ a b c Cline, Damon (April 14, 2008). "Dan Blanton: From bank teller to CEO". The Augusta Chronicle.
  4. ^ Cline, Damon (October 27, 2016). "Forrester named president of Georgia Bank & Trust Co". The Augusta Chronicle.
  5. ^ "South State Corporation and Southeastern Bank Financial Corporation Complete Merger" (Press release). Business Wire. January 4, 2017.