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Pembroke bank notes 60th year with independent group
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WASHINGTON, D.C. — The Independent Community Bankers of America recently congratulated First Bank of Coastal Georgia in Pembroke for reaching an important milestone as an ICBA member.
It marks the community bank’s 60 years as a member of ICBA, the only national trade association dedicated exclusively to serving the needs of the nation’s more than 7,000 community banks.
“ICBA is fortunate to have First Bank of Coastal Georgia as a member of the association for 60 years,”
“Community banks such as First Bank of Coastal Georgia are relationship bankers that are passionately committed to serving the needs of their local customers and communities,” ICBA president and CEO Camden R. Fine said. “It’s community banks like First Bank of Coastal Georgia that drive economic stability and prosperity on Main Street and make their communities a better place to work and live.”
He said community banks reinvest in their communities because they are an important part of the economic, financial and civic fabric of thousands of towns and cities across America.
“As an ICBA member, First Bank of Coastal Georgia is proud to be part of a nationwide network of community banks that advocate on behalf of this great industry and its valued customers,” First Bank of Coastal Georgia president Doyce E. Mullis Jr. said. “First Bank of Coastal Georgia looks forward to continuing its role with ICBA to help strengthen and preserve the community bank industry so that consumers across the nation can experience the difference of working with a local community bank for years to come.”
ICBA-member community banks employ nearly 300,000 people in more than 20,000 locations throughout the United States.

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Record April boosts Savannah's container trade at port
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The Port of Savannah moved 356,700 20-foot equivalent container units in April, an increase of 7.1 percent. - photo by Provided

The Georgia Ports Authority's busiest April ever pushed its fiscal year-to-date totals to more than 3.4 million 20-foot equivalent container units (TEUs), an increase of 8.8 percent, or 280,000 TEUs, compared to the first 10 months of fiscal 2017.

"We're on track to move more than 300,000 TEUs in every month of the fiscal year, which will be a first for the authority," said GPA Executive Director Griff Lynch. "We're also anticipating this to be the first fiscal year for the Port of Savannah to handle more than 4 million TEUs."

April volumes reached 356,700 20-foot equivalent container units, up 7.1 percent or 23,700 units. As the fastest growing containerport in the nation, the Port of Savannah has achieved a compound annual growth rate of more than 5 percent a year over the past decade.

"As reported in the recent economic impact study by UGA's Terry College of Business, trade through Georgia's deepwater ports translates into jobs, higher incomes and greater productivity," said GPA Board Chairman Jimmy Allgood. "In every region of Georgia, employers rely on the ports of Savannah and Brunswick to help them become more competitive on the global stage."

To strengthen the Port of Savannah's ability to support the state's future economic growth, the GPA Board approved $66 million in terminal upgrades, including $24 million for the purchase of 10 additional rubber-tired gantry cranes.  

"The authority is committed to building additional capacity ahead of demand to ensure the Port of Savannah remains a trusted link in the supply chain serving Georgia and the Southeast," Lynch said.

The crane purchase will bring the fleet at Garden City Terminal to 156 RTGs. The new cranes will support three new container rows, which the board approved in March. The additional container rows will increase annual capacity at the Port of Savannah by 150,000 TEUs.

The RTGs will work over stacks that are five containers high and six deep, with a truck lane running alongside the stacks. Capable of running on electricity, the cranes will have a lift capacity of 50 metric tons.

The cranes will arrive in two batches of five in the first and second quarters of calendar year 2019.

 Also at Monday's meeting, the GPA Board elected its officers, with Jimmy Allgood as chairman, Will McKnight taking the position of vice chairman and Joel Wooten elected as the next secretary/treasurer.

For more information, visit gaports.com, or contact GPA Senior Director of Corporate Communications Robert Morris at (912) 964-3855 or rmorris@gaports.com.

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