Deposit Growth for Queensborough Bank

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Queensborough National Bank & Trust - a Georgia-based Bank since 1902 - experienced a 8.36% increase in deposits in fiscal year ending December 2009.

It takes a real commitment to customer support and respect for the communities we serve. Without that, our continued growth would not be possible

Queensborough National Bank & Trust experienced net core deposit growth in excess of $100 million. Net Profits for 2009 were $2,205,801.00. Total assets grew to $935,832,548.00 - an increase of 8.36% in deposits over the prior fiscal year.

QNB&T has continued to put customers first which was evidenced by a $20 million loan portfolio expansion. At the same time, they have enhanced their Online Banking services, added Remote Deposit services for business customers and implemented several key technological improvements to increase efficiency and convenience.

"Value to customers goes beyond competitive financial products", noted William F. Easterlin III, CEO. "It takes a real commitment to customer support and respect for the communities we serve. Without that, our continued growth would not be possible".

While many financial institutions were forced to make cuts, QNB&T opened two new offices in 2009 - one in West Augusta and the other in Savannah. They now have a total of 22 offices serving 12 Georgia counties.

Although the current economic climate is expected to continue for most of 2010, Queensborough has positioned itself to stay strong. Throughout the Bank's 108-year history, they have maintained a remarkable record of proudly providing ongoing support to the many communities they serve.

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