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Tuesday July 7th, 2020 9:12PM

Peach State Bank tops $250M asset mark

By AccessWDUN Staff
Peach State Bank & Trust reached a major growth milestone in August, topping the $250 million mark in total assets. 
 
“Total assets is a key measurement on a bank’s balance sheet in assessing size and strength. In reaching the $250 million level, Peach State joined a select tier of banks in terms of its growth cycle. Only 25 percent of the banks in Georgia are larger than $250 million in consolidated assets," said President & CEO Ron Quinn.   “This is a very significant step in the life of our bank."
 
Quinn added, “And it is equally notable for our neighbors in this community because they support our growth as Gainesville-Hall County’s only locally owned independent bank. Nearly all of our loans and deposits are generated here at home.”
 
Founded in 2005, Peach State Bank & Trust is based in downtown Gainesville at 325 Washington Street. 
 
  • Associated Categories: Business News, Local/State News, Submitted News
  • Associated Tags: Peach State Bank & Trust, Ron Quinn, assets
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Peach State Bank tops $250 asset mark
Peach State Bank & Trust reached a major growth milestone in August, topping the $250 million mark in total assets.
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