Georgia Banking Co Inc. (GBC) updated a resale prospectus covering up to 7,074,016 shares of common stock held by identified shareholders. They may sell all, some, or none through brokerage transactions on Nasdaq, and GBC will not receive proceeds from those sales. Non-voting common shares covered by the prospectus automatically convert into voting common stock upon transfer.
The updated principal and registered shareholders table is as of October 30, 2026; GBC says the update is intended to help position the company for potential inclusion in the Russell indices. Common shares outstanding were 10,340,897 as of that date. Registration rights for certain holders tied to the Recapitalization and June 2026 Private Placement will be extinguished following effectiveness of the registration statement.
Georgia Banking Company, Inc. (GBC) registered for resale up to 7,074,016 shares of voting common stock held by identified shareholders. The shareholders may choose whether and when to sell, and GBC will receive no proceeds from their resales. Non-voting shares sold by these holders automatically convert to voting common stock upon transfer. As of September 30, 2026, 10,340,909 voting common shares and 331,341 non-voting common shares were outstanding.
Nasdaq approved GBC’s listing, with trading expected to begin on or about October 29, 2026. No established public trading market currently exists; during 2026, 2,298,970 primary and secondary shares were sold in private placements at $30.00 per share, which the company says may have little or no relation to public trading prices. In the six months ended June 30, 2026, net income was $13.296 million versus $6.731 million in the prior-year period, and total assets were $3,262.344 million as of June 30, 2026.
Georgia Banking Company, Inc. (GBC) reported net income of $6.263 million for third quarter 2026, compared with $5.621 million in second quarter; diluted earnings per share were $0.57 versus $0.60. Net interest income rose 8.0% to $31.419 million, while net interest margin declined to 4.17% from 4.31%, primarily reflecting higher interest expense on other borrowed funds associated with subordinated debt refinancing. Pre-tax, pre-provision operating earnings, a non-GAAP measure, were $12.926 million, up 6.2% sequentially.
The quarter included $1.954 million in direct listing expenses and $493,000 in merger and acquisition expenses, each before taxes. Average loans increased 6.7% to $2.5 billion, while total deposits were $2.702 billion, down $136.2 million from June 30, 2026. The provision for credit losses was $2.019 million; nonperforming assets were $22.073 million, or 0.70% of assets, compared with $17.307 million and 0.53% at June 30, 2026. Preliminary Common Equity Tier 1 ratio was 10.59% at September 30, 2026. The Tandem Bancorp merger closed June 1, 2026, and integration was completed September 21, 2026.
Georgia Banking Company, Inc. announced that its common stock was approved for a direct listing on the Nasdaq Capital Market. Trading is expected to begin October 29, 2026, under the symbol GBC. An effective Form S-1 registration statement covers potential resale from time to time of up to 7,074,016 common shares by selling shareholders named in the prospectus; the company says it will issue or sell no new shares in connection with the listing.
GBC is subject to Exchange Act reporting requirements and will file annual reports on Form 10-K and quarterly reports on Form 10-Q. The company reported that its wholly owned bank had approximately $3.1 billion in total assets as of September 30, 2026. Management said the listing may broaden liquidity, transparency and the investor base. The company also cited risks including no prior public market, no underwriting or lock-up agreements, and possible trading-price volatility and declines.
Georgia Banking Co Inc lists direct holdings for Richard Fairey, President and Chief Operating Officer, reported for October 27, 2026: 54,871 common shares and restricted stock units representing 10,977 underlying common shares. Each restricted stock unit is a contingent right to receive one common share.
As of October 27, 2026, Georgia Banking Co Inc (GBC) CEO and director Bartow Morgan Jr. reported direct holdings of 553,119 common shares, 150,478 warrants over common stock that are fully exercisable at $21.62 and expire February 23, 2031, 71,212 deferred stock units, and 48,907 restricted stock units. He also reported 34,070 common shares held in an IRA for his benefit as of that date. Each deferred stock unit settles in one common share following separation from service; the deferred and restricted units have vesting schedules subject to continued service.
Georgia Banking Co Inc (GBC) lists Charles M. DeWitt III, its Chief Financial Officer, with 11,400 common shares held jointly with his spouse and 16,800 common shares held in an IRA for his benefit as of October 27, 2026. His reported derivative holdings include warrants covering 8,400 common shares and stock options covering 40,369 common shares; both are fully exercisable at an exercise price of $20.83.
Georgia Banking Co Inc (GBC) Chief Commercial Officer David F. Black reported direct ownership of 30,169 common shares and stock options covering 7,528 common shares, fully exercisable at $21.62 per share and expiring March 31, 2032, as of October 27, 2026. He also reported 15,044 common shares held in an IRA, 4,656 deferred stock units and 24,454 restricted stock units. Each deferred stock unit settles in one common share following separation from service; unvested units and restricted stock units vest subject to continued service.
Georgia Banking Co Inc (GBC) reports indirect holdings of its common stock through two LLCs. Special Project X, LLC held 2,313 shares, and GBCFP1, LLC held 13,334 shares, as of October 27, 2026. Director Ryan Glover has voting and investment control over both LLCs.