Peach State Bank & Trust in Gainesville reported the results of operations for the quarter ended March 31.
Net income for the first quarter was $118,751. Total assets of $172.1 million on March 31 represent a 36.4 percent increase in total assets of $126.1 million from the same period last year.
Peach State’s total loans increased $36.4 million since March 2008, up 37.4 percent, reaching $133.8 million in the first quarter of 2009. Total deposits were $151.0 million at March 31, up $39.2 million or 35 percent from March of last year.
"In this challenging economy, we are very pleased with the results achieved thus far in 2009." Peach State Bank President and CEO Ron Quinn said in a news release. "We have focused our efforts this year on maintaining good asset quality, improving efficiencies, and enhancing our infrastructure.
"Specifically, we are investing in technology to expand the banking services for our customer. In the next quarter, we will offer several new services including mobile banking and Quicken/QuickBooks Direct Connect. As another point of contact for customers, the bank is now on Facebook and Twitter. "
Peach State Bank & Trust is located at 325 Washington St. in Gainesville. Contact: www.peachstatebank.com, 770-532-6500.
Chamber schedules workshop on Web marketing June 4
The Greater Hall Chamber of Commerce’s South Hall Council is offering a workshop for Internet Marketing and Web Site Optimization on June 4.
The workshop is set for 8-10 a.m. at the Spout Springs Library in Flowery Branch. Presenters will provide small-business owners with electronic marketing tips and techniques.
The cost is $10 for Chamber members, $15 for others. For reservations, contact Brittany Holtzclaw at 770-532-6206, brit
firstname.lastname@example.org, or register online at greaterhallchamber.com.
From staff reports