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.  

South Georgia Banking Company Adds Tifton Native Chris Cutts

South Georgia Banking Company announces the addition of Chris Cutts as a vice-president at the bank’s Tift Avenue location in Tifton. Cutts, a Tifton native, brings both business and banking experience to his new position.

"I was attracted to South Georgia Banking Company's dedication to the community and their employees. Being part of a locally-owned small business is important to me, especially one with a reputation like South Georgia Banking Company. For over 40 years, they have been known leaders in the market." Cutts said. "I look forward to continuing my involvement with the community and the chamber, while driving new business across our current markets."

Glenn Willis, president of South Georgia Banking Company, said combination of business experience and banking experience delivers a lot of value to customers.

“Chris’ solid business experience, along with his banking background, fit perfectly with our focus of working with small businesses.  His experience, combined with his local knowledge, means he will be able to hit the ground running,” said Willis. “We are fortunate to bring someone of his caliber to our team.”

Chris, an Auburn University graduate with a BS in Finance, has five years of commercial lending and banking experience along with 12 years business experience. He is an active member of the Tifton-Tift County Chamber of Commerce and was named the 2013 Chamber Ambassador of the Year. Chris is a member of the Len Lastinger Primary School Parent’s Council/Advisory board and is a youth sports coach with the Tift County Recreation Department, Tiftarea YMCA, and Northside Baptist’s Upward Basketball program.

South Georgia Banking Company, with locations in Tifton, Omega, Moultrie, Ashburn, Cordele, and Vienna, works with area businesses, farmers and individuals to provide loans and other banking services.  “From business and agriculture loans to help growth and expansion to personal loans and mortgages, our officers provide customized banking solutions, ” said Willis. “Each officer takes a personal interest in our customers. It’s part of what makes a community bank different.”

Cutts and his wife, the former Laura Abbott, have one daughter, 9-year-old Kylei, a student at Len Lastinger.  The family attends Northside Baptist Church in Tifton.

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