JACKSONVILLE, Fla.--(BUSINESS WIRE)--The Claxton Bank (TCB), a Claxton, Ga.-based community bank that has served South Georgia for more than 80 years, today announced its expansion into North Florida with the opening of its executive office and bank branch in downtown Jacksonville. TCB’s office and branch is located at 1 Independent Drive, Suite 1800, Jacksonville, FL 32202.
The bank will be known as TCB in the North Florida market. TCB is providing commercial and consumer banking and lending solutions in North Florida, with products and services including checking and savings accounts, treasury management, commercial real estate financing as well as other consumer and commercial lending solutions.
The expansion takes place after a group led by Jacksonville-based investors acquired control of TCB in October 2023. In June 2024, TCB’s parent company, Southern Bankshares, Inc., closed on a $20 million growth equity capital raise to help drive this expansion into North Florida.
“Expanding into Jacksonville is foundational to our growth strategy, and I am thrilled we have attracted such a strong and experienced team to serve clients in this growing market,” said Scott Verlander, president and CEO of TCB. “Our leadership team, Board and shareholders have deep ties to the Jacksonville community, and we look forward to providing clients with a common sense, relationship-focused approach that can meet their banking needs.”
The Jacksonville team is led by Market Leader Kim Sole, who brings over 20 years of local commercial banking experience to TCB. The Bank has also hired Grady Marshall as its senior credit leader and Lauren Ervin to lead commercial real estate lending, in addition to new lending and banking client support roles.
TCB is now welcoming clients in Jacksonville. In addition to its new Jacksonville office and branch, TCB has three offices across Georgia, two in Claxton and one in Richmond Hill.
About The Claxton Bank
The Claxton Bank (TCB) is a full-service, Georgia state-chartered community bank headquartered in Claxton, Georgia, with approximately $190 million in total assets as of June 30, 2024. The Bank provides a wide range of commercial and consumer banking and lending solutions through its digital offerings and banking offices in Claxton and Richmond Hill, Georgia, and Jacksonville, Florida. Member FDIC. Equal Housing Lender. For more information, visit www.tcbga.bank.
