Question 1

What is Classic City Bank?

Accepted Answer

Classic City Bank is a community bank serving Athens-Clarke County and surrounding areas in northeast Georgia. With approximately $259 million in total assets and one full-service office, the bank operates as a state-chartered institution providing traditional relationship banking to individuals, small businesses, and medium-sized businesses.

The bank focuses on comprehensive customer relationships, banking not just the business but also the business owner and their family. This whole-customer approach distinguishes Classic City Bank in a marketplace where many institutions segment banking relationships rather than providing integrated service.

Question 2

When was Classic City Bank founded?

Accepted Answer

Classic City Bank is one of Georgia's newest banks, receiving charter approval and FDIC deposit insurance in 2020. The Federal Deposit Insurance Corporation and the Georgia Department of Banking and Finance granted conditional approval on July 30, 2020, following concurrent applications submitted on March 18, 2020.

The bank began operations on November 9, 2020, initially in a temporary modular branch unit located at 2361 West Broad Street in Athens. Upon completion of the permanent facility at 2365 West Broad Street, all banking functions and employees relocated to that building on March 1, 2021.

Classic City Bank represents the first de novo bank chartered in Georgia in 2020 and the first new bank formed in Athens since First Madison Bank & Trust opened in 2005. The bank was organized by a group of experienced banking professionals led by CEO and Chairman C. William "Bill" Hopper III, who previously served as CEO of The National Bank of Georgia from 2007 to 2016.

Question 3

Where is Classic City Bank headquartered?

Accepted Answer

Classic City Bank is headquartered in Athens, Georgia, at 2365 West Broad Street, Athens, GA 30606. The bank is located in Clarke County within the Athens-Clarke County unified government jurisdiction.

Athens is home to the University of Georgia and serves as a regional economic center for northeast Georgia, known for its education, healthcare, and vibrant small business community.

Question 4

Where does Classic City Bank operate?

Accepted Answer

The bank operates one full-service office in Athens, focusing its efforts on the Athens-Clarke County Metropolitan Statistical Area. This MSA includes Clarke, Oconee, Madison, and Oglethorpe counties with a combined population of approximately 210,000, including 126,000 in Athens-Clarke County.

While the bank's charter allows broader operations, management expects the majority of business to come from the city of Athens itself. The concentrated single-location strategy enables the bank to develop deep community relationships and provide highly personalized service within its primary market.

Question 5

What services does Classic City Bank offer?

Accepted Answer

Classic City Bank offers a comprehensive range of traditional banking products for both consumers and businesses. Consumer deposit products include non-interest bearing checking, interest-bearing checking, money market accounts, and certificates of deposit with various maturities. Business deposit products include non-interest bearing checking options ranging from small business to analysis accounts, interest-bearing checking for qualifying businesses, money market accounts, and certificates of deposit.

Consumer lending services include vehicle loans, unsecured loans, home improvement loans, home equity lines of credit, bridge or temporary loans, residential construction loans, permanent residential mortgages, and other consumer purpose loans. Business lending covers working capital term loans, working capital revolving lines of credit, commercial real estate loans, equipment financing, and customized loan structures unique to specific borrower situations.

Digital banking services include online banking with bill pay, mobile banking, person-to-person payments, remote deposit capture for businesses, positive pay services, and debit cards. ATM services are available to customers. The bank emphasizes providing creative solutions to each unique borrower scenario rather than rigid one-size-fits-all products.

Question 6

What makes Classic City Bank unique?

Accepted Answer

Classic City Bank's founding team brings extensive Athens banking experience and deep community roots. The organizers include former leaders from The National Bank of Georgia, successful local business owners, medical professionals, real estate developers, and financial services professionals who collectively understand the Athens market intimately.

The bank was capitalized with $16 million, providing a strong foundation for growth while maintaining the flexibility and responsiveness of a community institution. The management team's philosophy emphasizes banking the whole customer—the business, the business owner, and the owner's family—rather than fragmenting relationships across multiple institutions.

As Athens' newest bank and the first de novo institution chartered in the city in 15 years, Classic City Bank brings fresh energy and modern systems while honoring traditional community banking values. The bank's loan-to-deposit ratio strategy demonstrates its commitment to meeting community credit needs rather than simply gathering deposits.

Question 7

What type of financial institution is Classic City Bank?

Accepted Answer

Classic City Bank is a State-Chartered Commercial Bank. Chartered by the Georgia Department of Banking and Finance and supervised by the FDIC, the bank is not a member of the Federal Reserve System. This structure provides regulatory oversight while allowing the bank to focus on community banking priorities.

The commercial bank classification reflects the institution's dual focus on business banking and retail banking services. Classic City Bank serves small and medium-sized businesses alongside individual consumers, providing the full spectrum of banking relationships needed within a university-centered economy like Athens. The bank's founding mission emphasizes meeting the legitimate credit needs of the community through flexible, relationship-based lending.

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