Wednesday, March 31, 2004

Bank of Georgia’s income sees a dramatic 2003 rise

Georgia Bancshares, Inc., the parent company of The Bank of Georgia announced net income for the year ended December 31, 2003 of $1,323,047, or $.45 per share. Earnings for the year ended December 31, 2002 were $591,933, or $.29 per share.

Total assets were $205,091,630 at December 31, 2003 as compared to $171,618,514 at December 31, 2002. Based in Peachtree City, 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, Newnan and Tyrone, Georgia.

For more information about The Bank of Georgia, visit www.bankofgeorgia.com

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