Lenders
BankSouth
BankSouth is a Georgia community bank based in Greensboro. Its investment real estate lending covers acquisition, renovation, and refinancing of commercial property, with terms structured by its own bankers rather than a national credit desk.
Business lending also covers construction and building finance for ground-up development and renovation projects, business equipment loans, and business lines of credit for cash flow, inventory, and seasonal swings. Deposit and treasury services sit alongside: business checking, ACH payment services, remote deposit capture, fraud prevention tools, and business online banking. Residential lending runs through BankSouth Mortgage.
The bank is the combination of two older local banks. The Citizens Bank was founded in Greensboro, Georgia on 1 April 1946, and Bank of Union Point was founded in Union Point, Georgia on 15 May 1911; they operated as Citizens Union until the BankSouth name was adopted in 2004. In February 2011 BankSouth acquired LoanSouth Mortgage and rebranded it BankSouth Mortgage. The bank says it remains locally owned and managed after more than 75 years, with board members who have served for decades.
Deposits are FDIC-insured. Loan minimums, recourse terms, and cash-out policies are not published, so ask a banker what the investment real estate program will and will not underwrite before applying.
Best for
Georgia investors and developers acquiring, renovating, or refinancing commercial property who want terms structured locally rather than through a national platform.
What they do
- Commercial real estate investment loans
- Construction and building financing
- Business equipment loans
- Business lines of credit
- Business checking and deposit accounts
- Treasury management
- ACH payment services and remote deposit capture
- Fraud prevention services
- Residential mortgage lending through BankSouth Mortgage
Details
| Attribute | Value |
|---|---|
| Ownership | Private |
| Memberships | FDIC-insured |
| Lender type | Bank |
What stands out
- Formed from two Georgia banks founded in 1911 and 1946; the BankSouth name was adopted in 2004.
- Acquired LoanSouth Mortgage in February 2011 and rebranded it BankSouth Mortgage.
- Says it remains locally owned and managed after more than 75 years.