In 1991, Gordon Teel had a capital idea. The former C&S/Sovran executive and co-worker, George Budd, wondered how to provide big bank resources with a community feel. Generated amidst banking megamerger mania, that question has found its answer today in The Bank of North Georgia, originated in 1992 as the Community Bank Capital Corporation. Through careful planning and acquisition, it has grown to eight locations in five counties.
A debut into Gwinnett#s Buford has provided an opportunity for citizens and businesses there to experience this concept. CEO and Chairman Teel says his early conviction of the need for community-style banking presented initial challenges, primarily that community banks often don#t have the resources for some sought-after products. But affiliation with Columbus-based Synovus Financial in 1998 has provided them with resources to offer “large bank” products and services.
Calling his product “human being banking”, Teel has it configured so that each office works independently. Customers receive answers and decisions immediately. Growing from a one-stop shop valued at $80 million to an eight-branch bank with assets of $550 million in just seven years, the numbers are a success story still being written. Teel says, “Our growth shows customers appreciate not just the products we offer but the way we deliver them.”