Capital City Bank
Not to be confused by a fictional setting in a popular American cartoon TV show, the Capital City Bank is indeed an existing bank. In fact, it has been around since 1895. The Capital City Bank is currently operated by the CCBG or the Capital City Bank Group. Learn more about the Capital City Bank and find out how you can get Capital City Bank Credit Card and start a good investment in the Florida State
The Capital City Bank is home to many financial services and products that served the many people of Florida for over a century now. The Capital City Bank reported annual sales in 2006 of $221.5 million. The company is headquartered in Tallahassee, Florida. It’s the current employer of more than one thousand bank professionals. The Capital City Bank is lead by Chief Executive Officer, President and Chairman of the Board William G. Smith, Jr. Capital City Bank runs closely with chief rivals SunTrust, Wachovia and Bank of America.
The Capital City Bank is the oldest banking institution in Tallahassee, Florida. It opened in 1989 with only one branch, 5 directors and 3 associates. Since its opening, the company persevered amidst many trials and challenges that almost knocked down the economy of the United States of America as a whole. It went through the economical instabilities of the great depression, underwent infrastructure risks from natural calamities and political unrest of two World Wars. Despite all this, the Capital City Bank has grown to become one of the country’s premier financial services provider.
The Capital City Bank, in its entirety, runs seventy banking centers in three major banking markets: Alabama, Georgia and Florida. Its number of branches though are growing, 3 mortgage lending representative offices has been added to the group. And today its total number of automated teller machines grew to more than eighty. Much of Capital City Bank’s success is contributed by one man who envisioned a company that will become part of America’s economic pillars.
The man responsible for such went by the name of George W. Saxon, a former dry goods retailer, the founder of Capital City Bank. George W. Saxon was a helpful man, resting from his dry goods business, he went to farmers in his town lending and offered loans. He started doing this in the 1880s. Before the turn of the century, Saxon would have already chartered his new savings bank. March 20th, 1895 saw the birth of the Capital City Banks. The company was a humongous success, and not later than June that year, Saxon already held $41,000 worth of deposits and assets went to $84,000 in total.
Capital City Bank, much like its founder, was involved in the community. It strengthened its favorable presence in Tallahassee when it lent $10,000 to the local government. The company was known then as Tallahassee’s community bank. 1925, the advent of the great depression, many banks closed shop in Florida, particularly in Tallahassee, its liabilities combined with its resources swelled to $1 million. But it continued to flourish.
The Saxon legacy went on and was passed on to Godfrey Smith. The Industrial Bank was established in the year 1940, Godfrey Smith was the president of the Capital City Bank shortly after the company bought the Industrial Bank. Godfrey Smith, however, left the company during the Second World War. This pushed the Industrial Bank to shell out payment to the company investors, made liquidation reports and closed shop when political turmoil battled out.
1963, the Capital City Bank never ceased to operate, consequently, it picked up from the ashes of the World War II. It went on. Capital City Bank locations outnumbered others and the legacy lives on. It underwent many mergers and acquisitions in the course of time. Looking back, the Capital City Bank, today, takes pride of its heritage – the heritage of George W. Saxon.