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 Announces Addition of Mike Rice

South Georgia Banking Company (SGBC) announces the addition of Mike Rice at their Ashburn branch. A veteran bank lender and Turner County native, Mike’s experience is in commercial and agriculture lending as well as consumer lending.

“I am very excited about working with South Georgia Banking Company,” said Rice. “I’m looking forward to working with the businesses, farmers and people I have known my entire life.  To be able to offer the benefits of a local community bank to my friends and neighbors is a great opportunity.”

Glenn Willis, president of South Georgia Banking Company, knows the combination of banking experience and local knowledge Rice brings to the table delivers a lot of value to customers.

“Mike’s 17 years in banking and his Ashburn roots make him an instant fit for our customers in the Turner County area,” said Willis. “We are fortunate to bring someone with his experience and knowledge to our team.”

Rice began working in the banking industry in 1996.  He is a graduate of the Community Bankers Association of Georgia’s Banking School and has attended numerous other schools, including Consumer Lending School and Commercial Lending School. 

South Georgia Banking Company, with locations in Tifton, Moultrie, Ashburn and Cordele, works with area businesses, farmers and individuals to provide loans and other banking services.  “We take a real interest in our customers and their needs. From business and agriculture loans to help growth and expansion to personal loans and mortgages, our officers provide customized banking solutions, ” said Willis.

Rice and his wife Sheila, who is an owner in Calhoun Produce, have two children; Jessi, a student at Abraham Baldwin Agricultural College and Jake, a student at Turner County High School. 

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