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.