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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