| Piedmont Community Bank Group, Inc Announces Stock Split |
04/20/2007
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The Board of Directors of Piedmont Community Bank Group, Inc. has declared a 1.2-for-1 stock split payable on May 10, 2007 to shareholders of record as of April 30, 2007. As part of the split, each shareholder will receive an additional one share of common stock for each five shares of common stock that they currently own. CEO Drew Hulsey stated, “This split will increase our number of outstanding shares, which we believe will help to eventually increase the liquidity, and potentially the market value, for our common stock.”
Piedmont Community Bank Group, Inc. is the holding company for Piedmont Community Bank. Our common stock is traded on the over-the-counter bulletin board under the symbol “PCBN”.
Statements contained in this article that are not historical facts are forward-looking statements. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ from those projected. Other factors that may cause actual results to differ from the forward-looking statements contained in this release and that may affect the company’s prospects in general include, but are not limited to, changes in general market conditions. |
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| Bill Pay Joins Internet Banking! |
03/23/2007
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| You asked for it - you got it! Our internet banking now includes bill payment. Not only can you enjoy the ease and convenience of accessing your accounts twenty-four hours a day, seven days a week in the comfort of your home or office, now you can pay your bills online. As always with PC Banking, you can check balances, view account history, transfer funds and much more! Register through internet banking today! |
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| Holding Company is Formed |
03/23/2007
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| In February of 2007, the Bank formed a holding company, Piedmont Community Bank Group, Inc. As a result of the holding company reorganization, each share of Bank stock automatically converted into a share in the holding company. The holding company’s stock now trades on the Over The Counter Bulletin Board under the symbol PCBN. “We believe that formation of the holding company will give us greater flexibility and more alternatives for continuing the growth of our franchise”, stated CEO Hulsey. |
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| BANK RECEIVES APPROVAL FOR FUTURE BRANCH |
03/23/2007
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Piedmont Community Bank has receieved approval from the Georgia Department of Banking and Finance and the FDIC to open a branch at 4511 Forsyth Rd in Macon, across from Idle Hour Country Club. To enhance our ability to service our customers, we found this to be an excellent future location for a Piedmont office. As we continue to expand our branching network throughout Middle Georgia, we are confident that we will bring a higher level of customer care and service to these new markets with each and every office we open. Look for this office to open in the Spring of 2007!
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| Future Piedmont Sites |
03/22/2007
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Following are the locations of future Piedmont Community Bank office locations. These are all subject to Georgia Department of Banking and Finance and FDIC approval:
4511 Forsyth Road, Macon - scheduled opening: late May
1040 Founders Row, Greensboro - scheduled opening: mid April
401 S. Houston Lake Road, Warner Robins
The corner of N. Harris and E. Johnson Streets in Forsyth |
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| YEAR END RESULTS OF OPERATIONS |
03/21/2007
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Piedmont Community Bank Group, Inc. recently announced 2006 year-end results for its bank subsidiary, Piedmont Community Bank, that included a 51.9% increase in total assets, and a 40.5% increase in pretax income as compared to the year end results for 2005.
Total assets increased from $93 million at December 31, 2005 to $141 million at December 31, 2006, an increase of 51.9%. Year-to-date income before taxes and minority interest was $1,142,000, an increase of $329,000 or 40.5% as compared to a year ago.
Loan quality remained strong throughout 2006, with 0.00% in loans which were past due over 30 days for each of the past twelve consecutive months. “We are very proud of the quality of our loan portfolio. The experience and knowledge of our lenders, along with the attention to detail provided by our support staff, have enabled us to build a sound loan base,” stated President Mickey Parker.
With headquarters in Gray, Georgia, Piedmont Community Bank is a community- oriented, full service commercial bank whose primary service area is Jones, Bibb, Baldwin, Putnam, Greene, Houston and Monroe counties.
This news release contains forward-looking statements, as defined by Federal Securities Laws, including statements about financial outlook and business environment. These statements are provided to assist in the understanding of a future financial performance and such performance involves risks and uncertainties that may cause actual results to differ materially from those in such statements. Any such statements are based on current expectations and involve a number of risks and uncertainties. For a discussions of factors that may cause such forward-looking statements to differ materially from actual results, please refer to the section entitled “Forward Looking Statements” in the most recent annual report filed by Piedmont Community Bank on Form 10-KSB with the FDIC. |
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| New Bank Statement Delivery Option |
03/20/2007
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| Did you know that you can receive your bank statement the morning after the cut-off? That's right. No more waiting as much as a week for your statement to arrive. Once registered, you can obtain your statements by going to a secured website where your statements for the past 12 months will be waiting for you. View them on the screen or print them out. You will be notified via email once the statement is ready. It's that simple. Stop by one of our offices to sign up and one of our friendly customer service representative will be glad to assist you. |
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| Piedmont Community Bank 2007 Holiday Schedule |
01/01/2007
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January 1 - New Year's Day
January 15 - Martin Luther King Jr. Day
February 19 - President's Day
May 28 - Memorial Day
July 4 - Independence Day
September 3 - Labor Day
October 8 - Columbus Day
November 12 - Veteran's Day
November 22 - Thanksgiving
December 25 - Christmas
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| Check Out Our New Tiered Prime Money Market Rates! |
06/30/2006
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Piedmont Community Bank’s Prime Money Market offers competitive rates and now we are giving you the opportunity to earn even more!
$10,000 MINIMUMInterest rate will always be 40% of the Wall Street Journal Prime Lending Rate which makes the current rate:
3.30%
3.35% APY*
$50,000 MINIMUMInterest rate will always be 60% of Wall Street Journal Prime Lending Rate which makes the current rate:
4.95%
5.06% APY*
Come by and open your Prime Money Market today! One of our Customer Service Specialists will be happy to assist you. If you would like to know more about this account, please call or come by for more information.
*ANNUAL PERCENTAGE YIELD. Rates subject to change without notice. Minimum balance to open is $10,000. Fees may reduce earnings on the account. Account must meet minimum balance requirements to earn rates stated above. Rates effective 6/30/06.
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