Wednesday, April 30, 2003

Bank earnings announced

Georgia Bancshares, Inc., the parent company of The Bank of Georgia, announced net income for the first quarter of 2003 of $272,619, or $.12 per share. Same-quarter earnings for 2002 were $97,322, or $.05 per share.

Bank assets totaled $184,304,773 at March 31, 2003 as compared to $131, 619,981 at March 31, 2002. For more information about Georgia Bancshares, visit www.georgiabancshares.com.

Based in Peachtree City, Georgia Bancshares, Inc., is a bank holding company that provides traditional bank services to small businesses and consumers through its subsidiary, The Bank of Georgia.

The Bank of Georgia opened for business in February, 2000, and has locations in Peachtree City, Fayetteville and Newnan, and is constructing a fourth facility in Tyrone. The Tyrone office will open during the summer of 2003.

A full-service bank, The Bank of Georgia provides a broad array of services, including checking accounts, money market accounts, certificates of deposit, commercial loans, construction loans, consumer loans, including home equity lines of credit, credit cards, drive-through windows, on-line banking, and Visa check cards. For more information about The Bank of Georgia, visit www.bankofgeorgia.com.

Back to Business Home Page Back to the top of the page