BREMEN, Ga.--(EON: Enhanced Online News)--Larry R. Mathews, President and Chief Executive Officer of Peoples Community National Bank (PCNB), is pleased to announce the termination of the regulatory consent order that has been in existence since 2009. The removal of the order is indicative of the improved financial condition and performance of the Bank. PCNB raised $20 million in additional capital in July 2012, which resulted in PCNB being one of the strongest banks in Georgia. Since the additional capital was raised in 2012 the Bank has extended more than $40 million in new loans to credit worthy businesses in its marketplace.
“The Board and management strongly believe that well-capitalized, independent community banks are important to supplying much needed capital to small businesses that create most new jobs”
Peoples Community National Bank is one of the few independently owned banks remaining in the Atlanta and west Georgia area. “The Board and management strongly believe that well-capitalized, independent community banks are important to supplying much needed capital to small businesses that create most new jobs,” said Mathews. “We believe that PCNB can continue to grow and improve profitability by extending loans to high quality borrowers that exist in our marketplace. Although not in the current plans, PCNB has the capital available and management strength to consider strategic growth opportunities, such as acquisitions that complement our management philosophy and growth strategy.”
PCNB specializes in providing services to owner managed businesses in the Atlanta, west Georgia and east Alabama markets. In addition to conventional loans, the bank specializes in SBA and USDA loans to meet the needs of its customers. For more information about PCNB, visit www.pcnb.us.