Appalachian Bancshares, Inc. · Ellijay, GA United States · (Pink Sheets: APAB)
Company Description
More Companies in: Ellijay, Georgia
More Companies in These Related Industries: Commercial Banking
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This link will open in a new window Appalachian Bancshares doesn't make mountains out of molehills, but it hopes to make money at banking. The holding company owns Appalachian Community Bank, which serves several north Georgia counties and nearby areas in North Carolina and Tennessee from about a dozen locations. Operating as Gilmer County Bank in some locations, the bank offers standard products and services including checking and savings accounts, credit cards, and loans. Appalachian Banchshares focuses on real estate lending. Construction loans make up about half of its portfolio; other real estate loans contribute another 40%. In 2009, the FDIC ordered the bank to increase its liquidity and improve its loan book. To read the full description, subscribe now.
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Appalachian Bancshares, Inc. Reports
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Key Appalachian Bancshares, Inc. Financials
| Company Type | Public - Pink Sheets: APAB Headquarters |
| Fiscal Year-End | December |
| 2008 Employees | 288 |
Appalachian Bancshares, Inc. Executives
13 executives listed for Appalachian Bancshares, Inc.'s Ellijay, GA location.
| Title | Name & Bio | Contact |
| Chairman | J. Ronald Knight | |
| Vice Chairman | Charles Edmondson | |
| Acting Interim COO | Danny Jett |
Competition
Competitive Landscape for Appalachian Bancshares, Inc.
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 Appalachian Bancshares, Inc. Competitors
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