First Bank of Georgia reports higher earnings

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The holding company for First Bank of Georgia reported this morning that it posted higher earnings in the third quarter.

Augusta-based Georgia-Carolina Bancshares Inc. posted net income of $966,000, or 28 cents per diluted share, for the third quarter, which ended Sept. 30. It is an increase over the $896,000 net income reported in the third quarter of 2007.

“We are extremely pleased with our results given the current state of the economy and the turmoil in the global credit markets. We believe our financial results reflect our conservative management style and the stability of the Augusta economy,” said company chief executive Remer Brinson III.

At the end of the quarter, Georgia-Carolina Bancshares had $451 million in assets.

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i4u2c
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i4u2c 10/28/08 - 10:36 am
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I guess that means they are

I guess that means they are going to build another "memorial" and call it a branch.

110408Historicalday
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110408Historicalday 10/28/08 - 11:26 am
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i dont get what you mean by

i dont get what you mean by that i4u2c. if you dont mind, can you tell me why you feel that way? ;-)

prayingforthisworld
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prayingforthisworld 10/28/08 - 03:30 pm
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I think that is wonderful!

I think that is wonderful! It's great to see a HOMETOWN bank staying HOMETOWN and making it! They must be doing something right when you have all these big banks going under! I'm thankful my money is safe with First Bank!

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