Corporate Press Releases

Steven F. Smith, President & CEO of Verity Bank Announces Final Approval of Bank Charter

October 29, 2008

Steven F. Smith, President & CEO of Verity Bank, announced that on Thursday, October 23rd Verity Bank received its bank charter from the Georgia Department of Banking and Finance. “We are extremely pleased with this accomplishment and with the support the community has shown. The directors and staff are thankful and excited about the success of our opening day and we look forward to our upcoming Grand Opening scheduled in November,” says Steven Smith.

Verity Bank, a community bank in Barrow County, opened its doors on Monday, October 27th after raising $21.7 million in capital. “The success of Verity Bank’s capital campaign is largely due to the hard work and commitment of the team that has been assembled. The directors, staff and local investors that believe in the vision of Verity Bank have made this success possible through their support.” Mr. Smith added, “Additionally, a key component of our successful capital campaign came from our partnership with Commerce Street Capital, LLC, an investment banking firm located in Duluth, Georgia, that specializes in DeNovo bank development. Our partnership with Commerce Street Capital was instrumental in raising the last $10 million in just 90 days.”

Verity Bank is a community bank with officers and directors who live and participate in the communities the bank serves. Directors for Verity Bank include: Chairman, John L. Lewis; President, Steven F. Smith; EVP, Bronson Lavender; Wayne L. Bartlett; Donald J. Boggus; William G. Brantley; Richard Combs; John F. Conway; Ryker Lowe; Dr. J.J. Shah; and Dr. Kirti Shah. Also part of the organizing group is CFO, Brian Hawkins.

Winder Staff for Verity Bank include: Sr. Vice President, Christopher M. Hall; Sr. Vice President, Jennie Parr; Vice President, Pam Queen; Asst. Vice President, Christine Willis; Asst. Vice President, Adam Smith; Client Service Specialist, Martha Jane Wall; Head Teller, Christine Fisher; and Teller, Kristine Nichols.

Verity Bank is located at 94 West Athens Street in downtown Winder. Grand opening festivities are scheduled to take place during the week of November 17th – November 21st. For further information about Verity Bank, please call (770) 867-3444 or visit www.veritybank.net.


Press Release Archive

July 2008