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In
November of 1904, a small group of Glennville’s business
leaders met to discuss the prospects of chartering a
bank. These individuals recognized the need for a local
organization to meet the growing financial demands of
the small Southeast Georgia community. On January 12,
1905, due to the effort of this small group, the Glennville
Bank was incorporated under the law of the State of
Georgia. After pooling their resources, the original
five directors and eighteen other incorporators began
selling capital stock. |
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March 13, 1905, the Glennville Bank began operating
with 40 shareholders and $30,000 in capital stock. Today,
the Glennville Bank operates with over 400 shareholders
and total capital in excess of $11 million. At 12/31/2001,
the bank’s total assets exceeded $99 million. |
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In
1905, the search began for a suitable location. W.F.
Durrence, Sr. offered the northeast corner of Barnard
and Caswell Streets to the bank for a price of $250.
There was a building on this property, and Mr. Durrence
agreed for the bank to use this building. Although periodic
renovations have been required, the Glennville Bank
has resided at this same location and in this same building
since its inception in 1905. This remained the Glennville
Bank’s only |
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location until 1976, when the bank built a branch office
on Highway 301 North in Glennville. In 2000, after
successfully entering the new millennium, a full service
branch was constructed in Ludowici, Georgia. |
| During
the 1990's, the Glennville Bank began to outgrow the
original main office location. Discussion began concerning
the construction of a new state-of-the-art corporate
office. Recognizing the importance of preserving Downtown
Glennville, the bank made a commitment to construct
a new banking facility at the same Barnard and Caswell
Street location originally occupied in 1905. The construction was completed in early 2004, with the new bank officially open for business on February 27, 2004 |
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During
its 103-year existence, the Glennville Bank has always
been a community bank. Independently owned and operated,
the Glennville Bank prides itself in knowing its customers
by name. The bank has maintained a 103-year tradition
of providing confidential and personal customer service,
while sharing in all the success and tragedy that has
had an impact on our community and nation. From the
Great Depression and both World Wars to the recent events
of September 11, 2001, the |
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Glennville Bank, like our nation, has survived many
years of fortune and adversity. Our directors, officers,
and employees are dedicated to continuing this tradition
and providing quality financial services for many
years to come. We invite you to visit or call one
of our convenient locations. Someone on our friendly
and knowledgeable staff is ready to serve you today.
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