Georgia Bank & Trust

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Georgia Bank & Trust Company
Industry Banking
FoundedAugust 28, 1989;35 years ago (1989-08-28)
DefunctJanuary 4, 2017;8 years ago (2017-01-4)
FateAcquired by South State Corporation
Headquarters Augusta, Georgia
Key people
Total assets Increase2.svg $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. 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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