The Citizens State Bank of Taylor County

The Citizens State Bank of Taylor County was established on September 8, 1922, originally named The Citizens State Bank. Over the years, it underwent several name changes and structural transformations. On January 17, 1936, it changed its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC) and withdrew from membership in the Federal Reserve System, becoming a state-chartered bank. In 1999, the bank adopted the name South Georgia Community Bank on February 5, followed by a change to Citizens State Bank on August 31. Later that year, on September 30, it was renamed The Citizens State Bank of Taylor County. The bank expanded through acquisitions, notably acquiring Commercial State Bank in Donalsonville, Georgia, and the Bank of Terrell in Dawson, Georgia, both on January 1, 1999. On April 20, 1972, the main office was relocated to Winston and Montague Streets in Reynolds, Georgia. Ultimately, on October 21, 2019, The Citizens State Bank of Taylor County merged with and became part of Georgia Community Bank in Dawson, Georgia.

Below is a list of some important events in banks history, including mergers and acquisitions.

1922-09-08Institution established. Original name: The Citizens State Bank.

1936-01-17Institution withdraws from membership in the Federal Reserve System.

1936-01-17Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

1936-01-17Changed Primary Federal Regulatory Agency to FDIC.

1972-04-20Main Office moved to Winston And Montague Streets, Reynolds, GA 31076.

1999-01-01Acquired Bank of Terrell in Dawson, GA.

1999-01-01Acquired Commercial State Bank in Donalsonville, GA.

1999-02-05Changed Institution Name to South Georgia Community Bank.

1999-08-31Changed Institution Name to Citizens State Bank.

1999-09-30Changed Institution Name to The Citizens State Bank of Taylor County.

2019-10-21Merged and became part of Georgia Community Bank in Dawson, GA.