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South Georgia Bank OR

South Georgia Bank OR

South Georgia Bank

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Innovations can drive cryptocurrency acceptance in the unbanked — like Bitcoin. For South Georgia Bank, this was the case. It explored bitcoin's potential and then adapted it to suit the bank's needs — sparking a broader digital currency movement in the same state. Did cryptocurrency lead to a digital revolution?

Bank

In 1987, with deposit growth and an increasing customer base, the bank opened a second Tifton Office at 725 W. 2nd Street which now serves as the bank’s main office. Then in 2000 following changes in regulations to allow branching across county lines, SGBC opened an office in Moultrie, Georgia on the eastern bypass. In July 2004, SGBC opened a third location, convenient to Tifton’s fastest growing sector on Tift Avenue, north of 20th Street. Significant expansion plans were realized in 2006 with the acquisition of Community National Bank in Ashburn and Cordele, Georgia. SGBC’s most recent acquisition was completed in 2014 with the addition of the Bank of Dooly in Vienna, Georgia, increasing South Georgia Banking Company's locations to eight offices in five South Georgia counties.

In 1970, a local group of businessmen in Omega, GA took measures to convert the Citizens Service Bank, a regulated certificated bank, to a state-chartered bank; they applied for FDIC insurance and on April 15, 1970, the state bank charter was granted and the name was changed to South Georgia Banking Company. By mid-year deposits were insured through the FDIC. The bank operated independently at the Omega location until 1976 when a Tifton branch was opened on Fourth Street. This building still serves as one of our branch offices. (Source: chamberorganizer.com)

South

South Georgia Banking Company typically has high fees compared to the average U.S. bank. Its checking account has a monthly fee of $5.00, ranking it fair for anyone looking for a hassle-free account. South Georgia Banking Company does not refund out-of-network ATM fees, which means you will be required to find a South Georgia Banking Company ATM or accept the ATM charge.

South Georgia Banking Company is a medium-size bank and has $465 million in assets as well as $402 million in deposits. South Georgia Banking Company's Texas Ratio is 6.13%, denoting a tiny possibility of failure. Additionally, South Georgia Banking Company is FDIC-insured, meaning that your money is insured up to $250,000, even in the event of bank failure. (Source: smartasset.com)

 

 

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