Question 1

What is Pineland Bank?

Accepted Answer

Pineland Bank is a community-focused state-chartered commercial bank serving customers across southeast Georgia and northeast Florida. With approximately $573 million in assets and 9 locations, the bank specializes in personal and business banking services tailored to meet the needs of local communities. Pineland Bank operates as a subsidiary of South Banking Company, a multi-bank holding company headquartered in Alma, Georgia.

The bank emphasizes personalized service and local decision-making, distinguishing itself as a community bank committed to supporting local entrepreneurship and economic growth.

Question 2

When was Pineland Bank founded?

Accepted Answer

Pineland Bank's origins trace back to 1930 when Alma Exchange Credit Union was organized by eight incorporators who invested $5.00 each to establish an organization for making change and cashing checks, making it the first credit union in the region. On September 30, 1939, directors Valene Bennett, Nathan Cohen, M.E. Jones, John Mullis, and Isie Elkins received permission to convert the credit union to a state-chartered financial institution, naming it Alma Exchange Bank.

The bank evolved significantly over the decades. In 1975, it changed its name to Alma Exchange Bank & Trust. In 1981, South Banking Company was organized as a multi-bank holding company and acquired 100% of the outstanding stock of Alma Exchange Bank & Trust and Citizens State Bank.

South Banking Company continued expanding through strategic acquisitions, purchasing Peoples State Bank & Trust in Baxley, Georgia in 1990, and Pineland State Bank in Metter, Georgia in 1996. In 2016, the parent company made a strategic decision to merge all its subsidiary banks into a single institution under the name Pineland Bank, creating a unified banking footprint across the region.

Question 3

Where is Pineland Bank headquartered?

Accepted Answer

Pineland Bank is headquartered in Alma, Georgia, located in Bacon County. The main office is situated at 501 West 12th Street, Alma, GA 31510.

Question 4

Where does Pineland Bank operate?

Accepted Answer

Pineland Bank operates 9 locations across southeast Georgia and northeast Florida, with 6-7 full-service branches. The bank serves the following communities:

Georgia locations: Alma, Baxley, Douglas, Kingsland, Metter, and St. Marys

Florida locations: Fernandina Beach

This geographic footprint positions the bank to serve both rural and coastal communities throughout the region, providing accessible banking services to customers in Bacon, Appling, Coffee, Camden, Candler, and other surrounding counties.

Question 5

What services does Pineland Bank offer?

Accepted Answer

Pineland Bank provides a comprehensive range of personal and business banking products and services designed to meet diverse customer needs.

Personal Banking: Free and interest-bearing checking accounts, savings accounts, certificates of deposit (CDs), individual retirement accounts (IRAs), money market accounts, personal loans, automobile loans, home improvement loans, mortgages, real estate loans, credit cards, and debit cards.

Business Banking: Commercial checking accounts, commercial loans, Small Business Administration (SBA) loans, small business financing with expedited approval processes, and business credit cards.

Digital Banking Services: Mobile banking app for iOS and Android devices, online banking platform for 24/7 account access, mobile check deposit, account alerts and monitoring, bill pay services, and fund transfers.

Additional Services: Safe deposit boxes, direct deposit, night depository, wire transfers, money orders, travelers checks, savings bonds, overdraft protection, and alternative investment products including annuities, mutual funds, and stocks.

Question 6

What makes Pineland Bank unique?

Accepted Answer

Pineland Bank distinguishes itself through its deep community roots and commitment to personalized banking relationships. With origins dating back to 1930 as a credit union started with just $40 in initial investment, the bank maintains a strong connection to its founding principles of serving local community needs.

The bank's ability to quickly expedite small business loan requests sets it apart in supporting local entrepreneurship and business growth. This agile approach to lending reflects the bank's commitment to local decision-making and understanding the unique needs of businesses in southeast Georgia and northeast Florida.

Pineland Bank combines the personal touch and accessibility of a community bank with modern digital banking conveniences. Through its mobile app and online banking platform, customers enjoy 24/7 access to banking services while still benefiting from face-to-face relationships at branch locations.

The bank's 2016 consolidation under the Pineland Bank name created operational efficiencies while preserving the community banking philosophy that each subsidiary bank had established over decades of service. This unified approach allows the bank to leverage greater resources while maintaining its local presence and commitment to the communities it serves.

Question 7

What type of financial institution is Pineland Bank?

Accepted Answer

Pineland Bank is a State-Chartered Commercial Bank that operates as a Federal Reserve non-member institution. As a state-chartered bank, it is regulated by the Georgia Department of Banking and Finance as well as the Federal Deposit Insurance Corporation (FDIC).

The bank functions primarily as a community bank, focusing on relationship-based banking with individuals, families, and small businesses in its market areas. Unlike large regional or national banks, Pineland Bank emphasizes local decision-making authority, allowing it to respond quickly to customer needs and maintain flexibility in its lending and service approaches.

As a commercial bank, Pineland Bank is authorized to accept deposits, make loans, and provide a full range of banking services to both consumer and business customers. Its FDIC insurance (Certificate #15699) protects depositors up to applicable limits, providing security and confidence for customers' deposits.

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