One Georgia Bank Holds Annual Shareholders Meeting

2008-05-28 23:59:18 -

- One Georgia Bank Willard "Chuck" Lewis, President and CEO 404-522-2265 Today, One Georgia Bank announced the successful conclusion of its second annual shareholders meeting. The meeting was attended by over 40 shareholders at 10:00 AM at 75 14th Street in the Four Seasons Hotel.

Arthur B. "Skin" Edge presided over the meeting as shareholders voted to re-elect directors until the 2009 annual meeting. The directors elected for a one year term were Mr. Edge, bank president Willard "Chuck" Lewis, Betty Siegel, Maxine Burton, Sunny Park, Sam Banjee, Gordon Sherman, Steve Opler, Greg Shumate, Mike Patton, Jeff Kerker and Ron Kirschner.

"No bank is immune to downward pressure from a weakening economy. We have however, placed ourselves in the best possible scenario to weather the storm. (Only) ten percent of our loan portfolio is dedicated to residential acquisition and development lending," states Willard "Chuck" Lewis, President and CEO of One Georgia Bank. Lewis continued, "We demonstrated that we can increase the value proposition of the bank in spite of a weakened economy."

During the meeting, Mr. Lewis stated that the bank made an operational profit in 2007 before loan loss provisions and warrant and option expenses. He indicated that the bank has reached $206 million in total assets and has extended its stock offering until August 31, 2008.

About One Georgia Bank

One Georgia Bank is a full service $200 million de novo bank in operation for two years. Nationally, of the 193 banks created in 2006, One Georgia Bank ranks as the 26th largest start up. Located in the prestigious 1180 Peachtree Building at the corner of Peachtree and 14th Street, One Georgia Bank's objectives are to provide businesses and individuals with the highest standard of relationship banking in the market. The bank offers competitive state-of-the-art products and services designed to attract deposits and loans and provide an attractive rate of return to shareholders. The bank has recruited a highly competent, motivated team that is dedicated to providing outstanding customer service. For more information, visit www.onegeorgiabank.com.

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