Southwest Georgia Financial Corporation · Moultrie, GA United States ·(NYSE Alternext: SGB)
Company Description
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This link will open in a new window Southwest Georgia Financial is the holding company for Southwest Georgia Bank, which also operates as Baker County Bank, Bank of Pavo, and Sylvester Banking Company. With about 10 locations, the bank provides such retail services as checking and savings accounts, NOW accounts, CDs, and credit cards, as well as property/casualty, life, and disability insurance and trust and investment services. Bank subsidiary Empire Financial Services provides commercial mortgage banking services. Real estate loans account for some three-fourths of the company's lending portfolio. Southwest Georgia Bank was founded as Moultrie National Bank in 1928. To read the full description, subscribe now.
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Key Southwest Georgia Financial Corporation Financials
| Company Type | Public - NYSE Alternext: SGB Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $11.1 |
| 2008 Employees | 119 |
Southwest Georgia Financial Corporation Executives
13 executives listed for Southwest Georgia Financial Corporation's Moultrie, GA location.
| Title | Name & Bio | Contact |
| Chairman | Michael McLean | Network |
| Vice Chairman | Richard Moss | Network |
| President and CEO, Southwest Georgia Financial Corporation and Southwest Georgia Bank | G. DeWitt Drew | Network |
Competition
Competitive Landscape for Southwest Georgia Financial Corporation
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Southwest Georgia Financial Corporation Competitors
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