Peachtree Corners customers who bank with locally owned Georgia Commerce Bank on Peachtree Parkway now have three additional branches to do business with.
Bancshares, Inc., the holding company of Georgia Commerce Bank, and Brookhaven Bank jointly announced Monday the signing of a definitive merger agreement that will create a nearly $1 billion in assets banking franchise.
The merger will expand Georgia Commerce Bank’s footprint to nine branches across metro Atlanta. Brookhaven Bank has two branches located in North DeKalb County, one located at 2987 Clairmont Road and a second located at 2221 Johnson Ferry Road.
The acquisition has been approved by the Board of Directors of each company and is expected to close late in the fourth quarter of 2013. It is subject to customary conditions, including Brookhaven shareholder and regulatory approval.
“We are very excited about having Brookhaven Bank as part of our family and expanding our banking franchise into the Brookhaven community,” said Mark Tipton, CEO of Georgia Commerce Bank.
Bill Kane, Chief Executive Officer of Brookhaven Bank, said the acquisition will benefit customers, employees and the community.
“With its larger size and successful track record, Georgia Commerce Bank offers our customers new and expanded services and creates more opportunity for our employees,” Kane said.
Rodney Hall, President of Georgia Commerce Bank added; “The acquisition of this established community bank allows Georgia Commerce Bank to expand our branch network and better serve the communities in the metropolitan area of Atlanta.”
The Peachtree Corners branch is managed by Dan Baker, Senior Vice President who said of the merger news: “Our new friends in Brookhaven will find that our bank is focused on the long term financial needs of business owners and individual clients. We measure our success by the positive difference we make in the day-to- day lives of our clients and the communities we serve. “
About Georgia Commerce Bank
Georgia Commerce Bank opened in July of 2003 and in 10 years, total assets have grown from $13 million to over $750 million. In addition to the new locations, the Bank has seven other locations, including Acworth, Buckhead, Cumberland, Johns Creek, Marietta, Peachtree Corners and Woodstock. For more information, visit gacommercebank.com or call 678-631-1265.