TC Bancshares, Inc. Announces Resignation of Fred E. Murphy, IV from the Board of Directors
October 29, 2021 at 10:01 pm
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On October 25, 2021, Fred E. Murphy, IV resigned from the Board of Directors of TC Bancshares, Inc. Mr. Murphy?s resignation was not due to any disagreement with the Company on any matter relating to the Company?s operations, policies or practices.
TC Bancshares, Inc. is a bank holding company. The Company, through its subsidiary TC Federal Bank (the Bank), operates a chartered savings bank. The Bankâs business consists primarily of taking deposits from the general public and investing those deposits, together with funds generated from operations in one-to-four family residential real estate loans, commercial real estate and multi-family loans, acquisition, development and land loans, commercial and industrial loans, home equity loans and lines of credit and consumer loans. It conducts its business from its main office in Thomasville, Georgia as well as additional branch banking locations in Tallahassee, Florida and new branch locations in Jacksonville, Florida and Savannah, Georgia. Its investment portfolio includes United States treasury securities; securities issued by the United States government and its agencies or government sponsored enterprises, including mortgage-backed securities and collateralized mortgage obligations.
TC BANCSHARES, INC. 
