$500 Million Milestone!

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.

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.

“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.