In a move typical of its business legacy, the Board of Directors of Capitol City Bank & Trust Company announced that founder and former CEO George G. Andrews has taken on the new task of aggressively marketing the Atlanta-based financial institution in a climate of economic challenges facing Georgia Community Banks. The Board also announced the appointment of John L. Turner, Chief Operating Officer and a member of the bank’s senior management team to assume the day-to-day operations of the bank as President and Chief Executive Officer.
“I am optimistic about the future of this institution,” said Andrews. “We are moving in exactly the most strategic direction to accomplish our priority goal. “I am proud to be able to lead this initiative and pleased to have the support of our management team as we embark upon this new venture.”
“George is the man for this job,” said Capitol City’s Board Chair C.T. Vivian. “We are confident that this is in the best interest of the bank. As the head of Capital Formation and Strategic Initiatives, he will focus on what we need to move forward – partnerships that can help secure the financial stability of this revered institution. George has strong ties to the community which have helped the bank succeed with both our account holders and investors. He also has the expert business acumen to realize this vision of growth for the bank, so we are encouraged that he has agreed to assume this new role.”
Capitol City Bank & Trust Company, which opened in October 1994 as a state banking institution chartered under the laws of the State of Georgia, was organized to serve inner city Atlanta’s primarily African-American community. Today, the bank has branches in eight locations in Metro Atlanta, Albany, Savannah and Augusta.
Capitol City Bank & Trust Company operates a full-service banking business and engages in a broad range of commercial banking activities, including demand and time deposits; individual, commercial and installment loans; money transfers; safe deposit box services; and investments in U.S. government and municipal services. For additional information, visit www.capitolcitybank-atl.com