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Friday May 27th, 2016 10:08PM

Peach State Bank & Trust elects new board member, reveals 2013 performance

By Alyson Shields Reporter
GAINESVILLE - Peach State Bank and Trust welcomed three new board members to the Community Development Board and revealed performance details for 2013 on Thursday.

Gary Funk, Nancy Norton and John Wright have joined the Board for 2014.

"Peach State Bank is very proud of our Community Development Board and the professionals who provide us with their insight and thoughts," said President and C.E.O. Ron Quinn in a press release.

Quinn also said the net earnings of the Gainesville-based bank rose from $472,000 at year-end 2012 to $1.73 million on December 31, 2013. Those earnings generated $.75 per share versus $.20 per share one year earlier. In the process, shareholder equity increased to $12.3 million, or $5.30 per share at year-end.

The bank recently added the option for mobile banking, as well as medical lock-boxes and healthcare revenue management for local healthcare professionals.
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