July 01, 2008
Georgian Bank
Quick Glance
Latest deposits*
(As of March 31, 2008)
$1.7 billion
Locations
North Atlanta locations:
1.Cumberland (headquarters)
2.Alpharetta
3.Buckhead
4.Gwinnett
5.Powder Springs
Executive profile
Gordon R. Teel
Chairman, President & CEO
Gordon Teel is an entrepreneurial and veteran executive of small, mid and large sized financial institutions, including successful and highly respected banking and accounting firms.
In 2003, Teel led a group of prominent Georgia business and civic leaders (no institutional funds) who invested $50 million in Georgian Bank – the amount is believed to be more than double the previous private placement record for a Georgia-based financial institution. Today, Georgian Bank has $2 billion in assets with five banking offices in metro-Atlanta.
Teel founded the Bank of North Georgia in 1992, and led its growth to over $1.5 billion in assets and $14 million in annualized net income in just 10 years. The Alpharetta-based bank was acquired by Synovus Financial Corporation in 1998.
He continued to serve as chairman and chief executive officer of Bank of North Georgia until March 2003. He also acted as regional CEO for Synovus.
Previously, he was group executive vice president and head of capital markets at C&S/Sovran Corp., now Bank of America.
A Certified Public Accountant, Teel began his career with Ernst & Ernst (now Ernst & Young) in 1966, after graduation from Southern Illinois University, overseeing a range of public accounting services for middle and national market, public and private, domestic and international companies. He finished his career there in 1989 as southeastern regional financial services partner, when he joined C&S Bank.
Teel now serves as a member of the Board of Trustees of Children's Healthcare of Atlanta, after having completed his term as a Trustee of the CHOA Foundation and his service on the CHOA Campaign Council (Capital Campaign that raised $294 million). He previously has served as a member of the University of Georgia Athletic Development Council and was a Trustee of the Lovett School in Atlanta.
Number of employees: 209
What sets your bank apart?
Georgian Bank is different from other banks in metro-Atlanta because we serve only entrepreneurs, business owners & their businesses, and high-net-worth individuals. Georgian Bank differentiates itself by building deep relationships and offering high-levels of customer service delivered by seasoned bankers.
What banking trends do you see in this area, and what seems to be causing them?
Existing are two significant trends in the metro-Atlanta banking industry:
1.Deposits. Competition has increased for customer deposits.
2.Customers. More customers are moving from the big banks because customer service at the big banks continues to worsen as a result of expense control, consolidation, turnover of employees etc.
How has the subprime mortgage collapse affected your bank?
Georgian Bank never participated in subprime lending so it has no exposure. The impact of the crisis is that we operate in an industry that has been affected.
What is in store for the banking industry and its customers?
The banking industry is in a state of flux; having been impacted by the overall economy and the problems faced by the financial services industry. We expect to see more consolidation, which may or may not be in the best interest of customers. Also, customers will stand up and demand better service, flocking to the banks that can competently deliver that service.
- www.northfulton.com
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