Forming the New Classic City Bank in Athens

State and federal regulators have given the green light to organizers to proceed with forming the new Classic City Bank in Athens. Classic City bank I/O is the first de novo bank application of 2020 in Georgia. The bank's organizers can now begin raising the $16 million capital approved by the Federal Deposit Insurance Corp. and developing systems and staff for a projected opening in early November, said CEO and Chairman C. William "Bill" Hopper III.

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