Community Business Bank’s second location, 505 Peachtree Pkwy., is open 8:30 a.m. to 5 p.m. Monday-Friday. Its first location, 407 East Maple St., has the same hours. For more information, visit www.cbbga.com.
A Forsyth County-based bank has opened a second location.
Community Business Bank, one of just two headquartered in the county, recently entered into an agreement with Signature Bank to assume all depository relationships of Signature’s Forsyth location at 505 Peachtree Pkwy.
Carter Barrett, president and CEO of Community Business Bank, said he and his staff moved into the location April 20.
“We then opened Monday morning at 8:30 a.m.,” he said. “We did a lot of work over the weekend getting ready to open.”
Barrett said one of Signature’s employees was hired by Community Business Bank, joining its team of about 15.
Karen Cross, Community’s senior credit officer, said that over time the employees will be divided between the Peachtree Parkway site and the bank’s original location at 407 East Maple St., near downtown Cumming.
“Eventually, it will be half and half at the two sites,” Cross said. “Eventually, we’ll have permanent staff members at each location, although right now we are doing some training and going back and forth.”
Cross added that the new site should bring greater visibility to Community Business Bank since its original location is inside an office park.
“This is a much more traditional banking location,” Cross said. “It’s also in a great area with a lot of traffic and that will help us reach more into the southern part of the county.”
Barrett said the new site is about 4,600 square feet with amenities not available at the bank’s first location, including a larger lobby area and board room.
“We have such a great energy at our first location, we want to be able to replicate that at this new site,” he said.
Community Business Bank was established in January 2008 with an initial capitalization of more than $16.5 million, primarily from local investors.
“Almost all of our 300 shareholders are right here in Forsyth County,” said Barrett, noting attention to the local community is one of the qualities that set the bank apart from other larger financial institutions.
“We’re humble people. We like folks and we’re easy to do business with,” he said. “You can come in and meet the founder and CEO, and we have a great staff who all believe in taking a common-sense approach to business.”
Barrett said a grand opening event will eventually be held for the second site.
“We wanted to start with a soft opening, but we definitely want folks to know we’re here and we are open for business,” he said.
“We’re very proud to be one two banks headquartered here, and I can’t think of a better place on earth to be open for business than Forsyth County.”