CD Rates

Minimum Opening Deposit 1,000.00
Term 12 months
Interest Rate 0.50%
Annual Percentage Yield 0.50%
Annual Percentage Yield is effective as of February 10, 2016.
Rates are subject to change. A penalty may be imposed for early withdrawal.

Blowing the Whistle on Tax Scams

Tax season is upon us, and that means tax scams are as well.  While fraudulent activity is its highest around the April 15th filing deadline, you can be vulnerable to scams throughout the year.  South Georgia Banking Company wants to give you the tools and information to avoid tax scams by telling you how to identify legitimate programs and how to avoid illegal ones.  The Internal Revenue Service (IRS) publishes a "Dirty Dozen" tax scams each year which covers topics that range from identity theft through tax fraud.  We will go over those very scams in this article.

By definition, a tax scam can be a simple hoax used to take money from an individual, or a very complicated scheme that aims to intentionally defraud the victim.  Since these illegal activities use federal income taxes as their "lead in" to attract the unsuspecting client, they are referred to as tax scams.  

The list of tax scams we have compiled is the IRS' "Dirty Dozen" Tax Schemes to avoid. If you feel you may have fallen victim to any of these, contact the IRS (https://www.irs.gov/Help-&-Resources) directly and call South Georgia Banking Company as well - we are here to help our customers in any way.

Beware of these scams to watch out for as April 15th approaches.  Click here to read more.  

SGBC's Tift Ave Location Will Host Cotton Mill Exhibit May 5-10

On Saturday, March 15th, South Georgia Banking Company sponsored the kick-off of one of the most moving, historical exhibits Tifton has ever seen. Through a Georgia Humanities Council grant, Georgia Museum of Agriculture at Abraham Baldwin Agricultural College was able to bring to life a series of photographs taken at the H.H. Tift Cotton Mill in Tifton 105 years ago through a large-scale exhibit, The Cotton Mill Children: Tifton’s Impact on America.

During the early 1900’s, photographer Lewis Hine used his camera to document the conditions of the working class in the factories and mills of the urban and rural parts of the United States in the early 20th century, in particular, child labor. On January 22, 1909, Hine took a picture of two children in the Tifton Cotton Mill, a photo of a mother and nine of her 11 children in front of their Cotton Mill village house in Tifton, along with three other images. These photos were published and contributed significantly to raising awareness of child labor and bringing it to an end.

The picture of the two little girls captured the attention of Massachusetts historian Joe Manning who decided to uncover the identity of the people in images – which, after many years of work and research, along with a little luck, he did.

On March 15, Manning met nearly 100 descendants of Catherine Young, the mother in the photo, at the exhibit's opening, including those of the little dark haired girl in the photo he first saw, who was Young's daughter.  The little girl in the photo, Young's daughter, who was adopted not long after the photo was taken, turned out to be the mother of long time Tifton resident, Dr. Earl Parker.

The Cotton Mill Exhibit is considered a permanent display at the Georgia Museum of Agriculture but is available to schools as a traveling educational exhibit. From May 5-10, the exhibit will be on display at South Georgia Banking Company's Tift Avenue location in Tifton.  If you have not seen this piece of local history, please come by and enjoy!

 

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