Georgia Bank & Trust
 | |
| Industry | Banking |
|---|---|
| Founded | August 28, 1989 |
| Defunct | January 4, 2017 |
| Fate | Acquired by South State Corporation |
| Headquarters | Augusta, Georgia |
Key people | |
| Total assets |  $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
[edit]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
[edit]- ^ 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.
- ^ "Institution History for AUGUSTA BRANCH (1402610)". Federal Financial Institutions Examination Council.
- ^ a b c Cline, Damon (April 14, 2008). "Dan Blanton: From bank teller to CEO". The Augusta Chronicle.
- ^ Cline, Damon (October 27, 2016). "Forrester named president of Georgia Bank & Trust Co". The Augusta Chronicle.
- ^ "South State Corporation and Southeastern Bank Financial Corporation Complete Merger" (Press release). Business Wire. January 4, 2017.