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Growing Queensborough
Bank aims to build share of market
Jeremy Ragan Web
Jeremy Ragan stands in the lobby of the completely renovated Queensborough Bank on South Main St. in Statesboro. - photo by JAMES HEALY/staff

      Queensborough National Bank and Trust Company recently moved into its new Statesboro headquarters on the corner of South Main and Grady Streets after spending several years in a much smaller location on Zetterower Avenue.
      "Our new building provides easier access and greater opportunity to interact with our customers in a comfortable environment," said Jeremy Ragan, a vice president of the bank. "We found ourselves outgrowing the other location both in terms of useful space and employees. With the additional drive through bays there is no waiting for service."
      Ragan said extensive renovation has been done to the inside of the building, which is the former location of the First Southern National Bank.
       "We have put in new flooring, and have painted through out the building," he said. "It really looks brand new inside. We wanted to make it very comfortable for our customers, and we wanted the lobby to feel very open and inviting."
Currently, the bank occupies the entire first floor of the building. Approximately 60 percent of the office space on the second floor is leased.
       "Upstairs, we kept the community room and a full service kitchen that can be used free of charge by non-profit organizations," he said. "There are approximately 2,200 square feet of ‘Grade A' office space upstairs that remains available for lease. Because access to the second floor is outside of the bank's main lobby, security has not been an issue."
      Queensborough was founded in 1902 under the name First National Bank and Trust Company establishing itself as an independent bank. In 2006, the bank's name was changed to Queensborough National Bank & Trust Company to alleviate confusion with other banks as it expanded its branch offices into neighboring Georgia counties.
       The bank's headquarters are in Louisville, Ga., and it has 22 branches geographically dispersed from Augusta to Savannah, specifically in the counties of Bulloch, Burke, Candler, Chatham, Columbia, Emanuel, Jefferson, Jenkins, McDuffie, Richmond, Screven and Washington. As of June 30, 2012, the FDIC reported total deposits of the bank as $710,409,000.
       Ragan said the relocation to South Main Street should help the bank continue to grow in this area.
      "It is a big move, but it gives us a lot more exposure than our former location did," he said. "We believe that Statesboro is an economic engine, and know there is a tremendous amount of potential here. Georgia Southern has 21,000 students, and there is a tremendous amount of retail here. It is a very dynamic marketplace."
      Downtown Statesboro Development Authority executive director Allen Muldrew is very pleased with Queensborough's move.
      "The building just looks great, and it is great for South Main that such a solid firm has purchased it," he said. "It is wonderful for downtown as a whole."
      Queensborough purchased the building from the FDIC following the closing of First Southern in July 2011. The building was put on the market in the first quarter of 2012.

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