Exchange Bank, a local bank with locations in Milledgeville, Gray, and Lake Oconee Georgia

Message From the CEO

 

To our Customers and Friends:

For almost 107 years, Exchange Bank has been your community bank in Milledgeville and Baldwin County. We celebrated our 11th anniversary at our Jones County office in 2009, and observed our 5th anniversary at our newly remodeled Lake Oconee office. We continue to grow and prosper due to our expanding customer base.
2009 was an extremely challenging year for the banking industry and Exchange Bank.  With the continuing recession, decline in real estate values, rising unemployement rates, and with the values in stocks and equities still fluctuating, the financial industry is facing challenges not seen in decades.  The Federal Deposit Insurance Corporation increased deposit insurance limits for depositors to $250,000 to help stabilize the public's perception on the safety of their deposits.  This has come at a cost through increased deposit insurance premiums that banks have to pay. Also, some banks have applied for capital funding through the TARP (Troubled Asset Relief Program) program to help their liquidity and lending functions. Exchange Bank has elected not to apply for these funds at this time. Our directors and management team are taking steps to be proactive in addressing potential problems that may arise in 2010 and beyond.

Exchange Bank's services continue to expand, with merchant deposit capture providing increased flexibilty for our business customers.  Also, this and remote branch capture has enabled us to extend our business day operating hours to 5:00 p.m. each day. Our New Horizons program continues to attract new customers with the special services offered and the exciting trips planned for 2010 and 2011.

Exchange Bank is committed to being your community bank, while combining a hometown banking experience with a wide slate of products and services.

We want to thank you for your past and continued support. Please call upon us for any assistance with your financial needs.

Henry J. Pope, Jr.
President and CEO