Georgia Banking Company, Inc. and Tandem Bancorp, Inc. Announce Completion of Merger
ATLANTA, GEORGIA - June 1, 2026 - Georgia Banking Company, Inc. ("GBC"), the
parent company of Georgia Banking Company, and Tandem Bancorp, Inc. ("Tandem"),
the parent company of Tandem Bank, are pleased to announce the successful
completion of their merger and the merger of their respective banking subsidiaries,
effective June 1, 2026.
"The closing of this merger marks an
exciting milestone for our organization," said Bartow Morgan, Jr., Chief Executive
Officer of GBC and Georgia Banking Company. "We are proud to officially welcome
Tandem's customers and team members to Georgia Banking Company. From the
beginning, this partnership has been grounded in shared values, relationship-driven
banking, a commitment to our communities, and a belief in doing the right thing
for our clients. Together, we are building a stronger franchise that enhances
our ability to serve, grow, and deliver exceptional experiences."
The combined organization now has
approximately $2.6 billion in deposits, positioning Georgia Banking Company as one
of the largest Atlanta-based community banks by deposit market share. The transaction
expands the bank's footprint across metro Atlanta, adding a full-service branch
in Tucker and three loan production offices in Cherokee, DeKalb and Gwinnett counties.
"Our partnership with Georgia Banking
Company represents a natural evolution for Tandem," said Charles DeWitt, Chief
Executive Officer of Tandem and Tandem Bank. "We have always believed in
building meaningful relationships and serving our communities with purpose.
Joining GBC allows us to scale those efforts while continuing to deliver the personal
service our clients expect. I'm incredibly proud of what our team has built and
energized by what we'll accomplish together moving forward." DeWitt will serve GBC
as Executive Vice President and Director of Community Banking and Integration.
Solomon Partners served as exclusive
financial advisor, and Troutman Pepper Locke LLP served as legal counsel to GBC
in connection with the transaction. Performance Trust Capital Partners LLC served
as exclusive financial advisor, and Nelson Mullins Riley & Scarborough LLP
served as legal counsel to Tandem in connection with the transaction.
About GBC
Georgia
Banking Company is a community-focused financial institution headquartered in
Atlanta, Georgia, and a wholly owned subsidiary of GBC. As of March 31, 2026, Georgia
Banking Company had approximately $2.7 billion in total assets, reflecting its
strong foundation and disciplined growth strategy. Under the leadership of CEO
Bartow Morgan, Jr., a fifth-generation Georgia banker, the company has built a
reputation as a trusted partner for businesses, professionals, and families in
the markets it serves. By combining innovative solutions with a
relationship-first approach, Georgia Banking Company remains committed to
delivering exceptional service and supporting its communities.
To
learn more about GBC, please visit GeorgiaBanking.com. Member
FDIC
Contact
Lauren
Nelson
Georgia Banking Company
Director of Marketing
lpnelson@GeorgiaBanking.com
