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Thursday, December 15, 2016

SouthCrest Bank to sell Northside building to State Farm Agent Trennis Dumas; All SouthCrest employees there will relocate to main Church Street site


THOMASTON, GA – SouthCrest Bank has entered into an agreement to sell its Northside Branch property at 943 North Church St. in Thomaston to local State Farm agent Trennis Dumas.

The bank will discontinue the drive through service at the Northside location as of the close of business on Friday, Jan. 6, 2017. The ATM at the Northside location will continue to be available for customer use after the sale, and the bank will be upgrading the ATM to accept deposits.

All employees at the Northside Branch will relocate to the main office at 108 South Church St. No current employees of the bank will be adversely affected by this closure.

“While our core deposit balances in Upson County have remained stable over the past few years, our drive-through teller transaction volume has continued to slowly decline consistent with national trends,” said Doug Head, Senior Vice President and Market Leader with SouthCrest Bank. “More and more of our customers are utilizing our convenient mobile banking platform each month, as well. Combined with Mrs. Dumas’ offer to purchase the property, we believe this transaction is in the best interest of our customers, employees, and shareholders.”

Dumas intends to move her agency to the site between the end of January and the first week of February 2017. “We’re looking forward to servicing our customers in this new location which offers easier access into the office building, better parking and safer exiting from the parking lot on to highway 19,” Dumas said.

“This transaction is consistent with our strategy of becoming more efficient in our facility utilization and occupancy expenses, and we are confident that we will provide even better service for our clients by having all of our retail staff at the South Church Street office,” commented SouthCrest President and CEO Brian D. Schmitt.

ABOUT SOUTHCREST

SouthCrest Financial Group, Inc. (SCSG: PK), is a $550 million asset bank holding company headquartered in Woodstock, Ga. The company operates a 12 branch network throughout Georgia and Alabama through its subsidiary bank, SouthCrest Bank, N.A. The bank provides a full suite of retail and commercial banking services, and online banking services.

About State Farm

The mission of State Farm is to help people manage the risks of everyday life, recover from the unexpected, and realize their dreams. State Farm and its affiliates are the largest providers of auto, home and individual life insurance in the United States. State Farm Mutual Automobile Insurance Company is the parent of the State Farm family of companies. For more information, please visit http://www.statefarm.com.

About Trennis Dumas Insurance Agency, Inc.

Trennis Dumas is an independent contract agent of State Farm. The Dumas Agency was established in Thomaston, GA August 1, 2011. The agency employs 5-7 employees annually. Dumas and her team are licensed in the state of Georgia to sell and service the full array of State Farm products to include, auto, home, life, bank products to include mortgage and vehicle loans, security products and major medical health insurance. NMLS MB# 1502328; NMLS; MLO# 399837. For more information, please visit www.trennisdumasagency.com

FORWARD LOOKING STATEMENTS

This presentation may contain certain “forward-looking statements” that are subject to risks, uncertainties, and other factors that could cause actual results and shareholder values to differ materially from those projected. Factors that could cause or contribute to such differences include economic conditions, government regulation and legislation, changes in interest rates, credit quality, competition, and other risk factors.


CONTACT:
Derick R. Hill
SouthCrest Bank
Derick.hill@southcrestbank.com
770-754-6477

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