Peach State Bank & Trust has officially surpassed $500 million in
total assets, doubling its size over the last two years and placing the bank among an elite tier of banks
across the state and nation.
total assets, doubling its size over the last two years and placing the bank among an elite tier of banks
across the state and nation.
The $500 million milestone was achieved this summer on June 11. It took 14 years for our locally owned
Gainesville bank, founded in 2005, to reach the $250 million mark in 2019 – quite a contrast to the mere
two years that it took to add another $250 million to our holdings.
Gainesville bank, founded in 2005, to reach the $250 million mark in 2019 – quite a contrast to the mere
two years that it took to add another $250 million to our holdings.
“Our phenomenal growth can be attributed to Peach State’s mutual partnership with a strong community
and a thriving business environment in Gainesville-Hall County,” said Stewart Teaver, board chairman for
the bank and holding company.
“Total assets” is a key measurement on a bank’s balance sheet in assessing size and strength. Of the 154
banks in Georgia, Peach State is one of only 32 (as of March 31, 2021) with assets greater than $500
million. Peach State also ranks among the state’s top banks for asset quality and holds a five-star Bauer
ranking for financial strength.
