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COLUMBIA, S.C. (WJBF) – Augusta’s alone hometown bank, Georgia Coffer & Trust, is amalgamation with a Columbia, South Carolina-based bank.
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GB&T’s ancestor company, Southeastern Coffer Financial Corporation, which operates GB&T in Georgia and Southern Coffer & Trust locations in Aiken County, active a alliance acceding with South State Corporation. The alliance advertisement came Friday morning.
Georgia Coffer & Trust was founded in Augusta in 1989. It ranks additional in bazaar allotment in the Augusta city area, abaft alone Wells Fargo. All Georgia Coffer & Trust and Southern Coffer & Trust branches are accepted to abide open.
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“We are admiring to advertise this affiliation with Georgia Coffer & Trust. As the arch coffer in the Augusta and Aiken markets, the aggregation has a abundant acceptability and a abundant aggregation of bankers,” said Robert R. Hill, Jr., CEO of South State Corporation. “Our teams and our aggregation cultures are actual agnate and we attending advanced to acceptable chump relationships and continuing the bequest of account in these communities.”
According to a columnist release, at the end of March, Southeastern Coffer Financial Corporation had about $1.9 billion in assets, $1.6 billion in deposits and $1.0 billion in loans. After the alliance is complete, the accumulated aggregation will accept about $10.5 billion in absolute assets, $8.7 billion in absolute deposits, $7.2 billion in absolute loans and a arrangement of 133 branches in the Carolinas and Georgia.
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“We are admiring to be amalgamation with a high-performing bounded coffer that has agnate aggregation ethics and ability for our employees, barter and shareholders,” said R. Daniel Blanton, CEO of Southeastern Coffer Financial Corporation. “We are aflame to accompany with a agreeing bounded coffer that can body on our success and booty it to a college akin for the acceptable of our association and customers. Together, we will strengthen our position as a arch coffer in the Southeast.”
The alliance is accepted to be complete in the aboriginal division of 2017.
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South State Corporation is the better coffer captivation aggregation headquartered in South Carolina. It was founded in 1933.
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South State Corporation Announces Merger with Southeastern Bank ... | south state bank augusta gaImage Source:
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South State Bank takes over Georgia Bank | south state bank augusta gaImage Source: