Georgia Bank & Trust

Georgia Bank & Trust Company
Industry Banking
Fate Acquired by South State Corporation
Founded August 28, 1989 (August 28, 1989)
Defunct January 4, 2017 (January 4, 2017)
Headquarters Augusta, Georgia
Key people
 Dr. Randolph R. Smith, Chairman
Jay B. Forrester, President
Total assets Increase $1.9 billion (2016)[1]
Website www.georgiabankandtrust.com Edit this on Wikidata

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. 1 2 3 "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. 1 2 3 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.
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