A Carrollton based-bank joins the Atlanta-market top 10 list, created in an annual report released Tuesday by the Federal Deposit Insurance Corporation. Community & Southern Bank reports a 58% increase in deposits this year.
The locally-run bank more than doubled the amount of offices it has in the Atlanta market--- adding 16 new locations for 29 overall. It now has 1.05-percent of metro-Atlanta’s market share and according to an article this week in the Atlanta Business Chronicle, Community & Southern has “one of the lowest Texas ratio’s in the state.” Tuesday’s article claims C&SB’s non-performing assets divided by capital is at only one percent… and compares that ratio to Synovus Bank’s 46% and Suntrust Bank’s 42%. Since June of 2010 when this list was last released, Community & Southern has picked up the Bank of Ellijay, First Commerce Community Bank in Douglasville, the People’s Bank in Winder and First National Bank of Georgia in Carrollton.
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