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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 5, 1997
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GEORGIA BANK FINANCIAL CORPORATION
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(Exact name of registrant as specified in its charter)
Georgia 0-23980 58-2005097
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
3530 Wheeler Road
August, Georgia 30909
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(Addresses, including zip codes, of principal executive offices)
(706) 738-6990
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(Registrant's telephone numbers, including area code)
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ITEM 5. OTHER EVENTS
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On October 5, 1997, Patrick G. Blanchard resigned as President and
Director of Georgia Bank Financial Corporation (the "Company") and its wholly-
owned bank subsidiary, Georgia Bank & Trust Company (the "Bank"), to pursue
other opportunities in the banking industry. Mr. Blanchard's services are no
longer available to the Company or the Bank, and it has been announced that he
is involved in organizing a local bank that, if formed, will compete with the
Bank.
The Boards of Directors of both the Company and the Bank have met and
unanimously elected R. Daniel Blanton as President and Chief Executive Officer
of the Company and the Bank. Mr. Blanton has been a significant contributor to
the Bank's success since its inception and previously served as Executive Vice
President and Chief Operating Officer of the Company. In addition, Ronald L.
Thigpen has been elected Executive Vice President and Chief Operating Officer of
the Company and the Bank. Mr. Thigpen has been a member of the Company's
management team since its acquisition of First Columbia Bank in 1992.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
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Exhibit Number Description of Exhibit
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99 Press Release dated October 8, 1997
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
GEORGIA BANK FINANCIAL CORPORATION
(Registrant)
By: /s/ Ronald L. Thigpen
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Ronald L. Thigpen
Executive Vice President and
Chief Operating Officer
Date: October 13, 1997
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INDEX TO EXHIBITS
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Exhibit Number Description of Exhibit
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99 Press Release dated October 8, 1997
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EXHIBIT 99
[Letterhead of Georgia Bank Financial Corporation]
October 8, 1997
FOR IMMEDIATE RELEASE
Robert W. Pollard, Jr., Chairman of Georgia Bank Financial Corporation,
today announced the unanimous election by the Board of Directors of R. Daniel
Blanton as President and Chief Executive Officer of Georgia Bank Financial
Corporation and its banking subsidiary, Georgia Bank & Trust Company of Augusta.
The Chairman of the Bank, E. G. Meybohm, stated "The Board of Directors is
pleased to acknowledge and recognize the contribution of Mr. Blanton to the
Bank's growth and success. Mr. Blanton has been a major contributor since the
opening of the Bank eight years ago. His previous position of Executive Vice
President and Chief Operating Officer and over 25 years of banking experience
have uniquely prepared him to lead our organization."
Messrs. Pollard and Meybohm also announced the election of Ronald L. Thigpen
as Executive Vice President and Chief Operating Officer of the Holding Company
and the Bank. Mr. Thigpen had previously served as Group Vice President and
Chief Financial Officer. Mr. Thigpen has been a member of the senior management
team since the acquisition of First Columbia Bank in 1992.
"We are delighted to recognize these individuals who have been instrumental
in our progress. Both individuals are native Augustans whose long-term banking
experience in this market is important to our knowledge of the community and
ultimately our success," stated Mr. Pollard.
Georgia Bank & Trust Company of Augusta, with assets of $240 million,
operates seven offices in the Metro Augusta market and is the only locally owned
and operated bank in Richmond and Columbia County.
