Georgia Banking Company, a commercial and retail bank with 10 branches in the Atlanta metro area, announced that its common stock had been approved for direct listing on the Nasdaq Capital Market. The Atlanta, GA-based company expects to begin trading on the Nasdaq on Thursday, October 29, under the symbol GBC.
The shares of common stock listed will be sold by existing shareholders; Georgia Banking Company will not raise new capital in its listing.
The registered shareholders may sell up to 7.0 million shares of common stock, which is 66% of the company's shares outstanding. No existing shareholders have entered into lock-up agreements.
Georgia Banking Company previously sold shares at $30.00 per share in private placements in June and August 2026, including a $77.7 million placement led by Fortress Investment Group in June, half of which was primary shares. At that price, the company would command a fully diluted market value of $335 million.
Georgia Banking Company provides commercial banking, community banking, private banking, commercial real estate banking, mortgage warehouse, and treasury services to businesses, professionals, entrepreneurs, and consumers in the Atlanta area. It operates 10 full-service banking offices and three loan production offices, all in the Atlanta area. As of June 30, 2026, it had about $3.3 billion in total assets, $2.6 billion in loans, and $2.8 billion in deposits. The company completed acquisitions of Georgia Primary Bank in March 2025 and Tandem Bank in June 2026.
As a direct listing without a firm commitment offering, there are no underwriters on the deal; instead, Performance Trust Capital Partners will serve as financial advisor.
