Atlanta-based Georgia Banking Company is expanding in the metro by acquiring Tandem Bancorp, Tucker, Ga., in a stock-and-cash deal. .The deal, which is expected to close in the second quarter, will create a $3 billion bank, with $2.6 billion in deposits and $2.5 billion in gross loans. Georgia Banking Company managed $2.7 billion in assets at the end of last year with virtual teller machines in eight Atlanta-area cities. Tandem Bancorp’s subsidiary, Tandem Bank, has more than $300 million in assets, $239 million in deposits and $229 million in loans. Tandem also has three Atlanta-area branches. “Partnering with a well-established, Atlanta-based institution like Georgia Banking Company strengthens our ability to deliver lasting value to shareholders, customers and team members,” said Tandem CEO Charles DeWitt. “We are confident GBC has assembled the scale, expertise and cultural alignment for long-term success in an evolving banking landscape.” The merger is the second for Georgia Banking Company in as many years. In 2025, the company acquired Atlanta-based Georgia Primary Bank. Solomon Partners, New York City, was financial adviser to Georgia Banking Company, while Atlanta-based Troutman Pepper Hamilton Sanders LLP was legal counsel. For Tandem Bancorp, Performance Trust Capital Partners, Chicago, was financial adviser, while Columbia, S.C.-based Nelson Mullins Riley & Scarborough LLP was legal counsel.
