River City Bank, which opened for business in May of this year, has accumulated total assets of $53.5 million during its first six months of operation, according to Eddie Wilson, CEO. This performance exceeds the bank’s projected asset goal of $33 million for the same period.
Wilson commented that River City Bank “continues to be blessed by the response of our community in our first six months of operation. It affirms our belief that we have put the right team of talented local bankers in place, and that our business model of hometown, community banking is very appealing in Rome and Floyd County.”
In addition, the bank has accumulated total deposits of $36 million, with total loans outstanding of $31 million.
With respect to its Main Office facility, the bank is planning a groundbreaking to be held in late November, to coincide with a planned Customer Appreciation Day.