Wednesday, June 7, 2000
Newest bank is making profits

The Bank of Georgia has achieved a very rare industry milestone. Due in
large part to the support of local business, The Bank of Georgia achieved
an operating profit in just its second month of operation. The Bank of
Georgia also met its first-year goals for asset growth and depository
accounts in less than three months.

Since opening its doors on February 18th, The Bank of Georgia has achieved
growth largely due to the support of small businesses and it's
shareholders. Garnering over 600 depository accounts, including savings,
checking and CD accounts, the bank has been operating in the black on a
monthly basis since April. Total assets at The Bank of Georgia exceeded 23
million in the middle of May, more than doubling the initial capitol base
of 11 million.

The new bank's leadership includes a number of executives who have been
prominent in the Southern Crescent banking industry for more than a decade.
"Without the support and confidence of our long-term customers and friends,
we never would have enjoyed such tremendous opportunity," said Pat
Shepherd, CEO of The Bank of Georgia.

According to Julian Hester, President of the Community Bankers Association,
it takes the average startup bank 12 to 15 months before it operates
profitably.

"For The Bank of Georgia to reach this mark in a fraction of that time is a
testament to its hard work, quality leadership, and community support,"
said Hester.

The Bank of Georgia is located on GA Highway 54, just east of Peachtree
City next to Miles Ace Hardware. For more information, call 770-631-1114.

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