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Magnolia State Bank
✓ FDIC-insured · Active FDIC Certificate #877
Magnolia State Bank is an FDIC-insured state-chartered bank that is not a Federal Reserve member (supervised by the FDIC), headquartered in Eastman, Georgia, established in 1919. As of the 06/30/2026 FDIC call report, it reported $199M in total assets and $167M in deposits. FDIC location data lists 5 offices in Georgia. The FDIC classifies it as a community bank. It is owned by the holding company MAGNOLIA BANKSHARES INC (Eastman, GA).
Financial data as of the 06/30/2026 FDIC call report.
Where it operates
All 5 of Magnolia State Bank's FDIC-listed offices are in Georgia. Browse banks in Eastman for other local options.
Branch locations
| Magnolia State Bank Magnolia State Bank -Gray Branch · Full Service - Brick And Mortar | 271 W Clinton St Gray, GA 31032 Map ↗ |
| Magnolia State Bank 2451 North Columbia Street Branch · Full Service - Brick And Mortar | 2451 N Columbia St Milledgeville, GA 31061 Map ↗ |
| Magnolia State Bank Magnolia State Branch · Full Service - Brick And Mortar | 100 E Greene St Milledgeville, GA 31061 Map ↗ |
| Magnolia State Bank Magnolia State Bank · Full Service - Brick And Mortar | 130 Oak St Eastman, GA 31023 Map ↗ |
| Magnolia State Bank Athens Branch · Full Service - Brick And Mortar | 2500 Daniells Bridge Road Athens, GA 30606 Map ↗ |
Holding company: MAGNOLIA BANKSHARES INC
The FDIC lists MAGNOLIA BANKSHARES INC, based in Eastman, GA, as the top holding company for Magnolia State Bank. The FDIC shows no other active insured banks under the same holding company.
Similar-size banks in Georgia
Active FDIC-insured banks headquartered in Georgia with total assets closest to Magnolia State Bank's $199M. See all banks in Georgia.
| Bank | HQ city | Assets | Offices |
|---|---|---|---|
| Georgia First Bank | Soperton | $291M | 3 |
| Farmers & Merchants Bank | Eatonton | $290M | 2 |
| First Federal Savings and Loan Association of Valdosta | Valdosta | $278M | 4 |
| South Coast Bank & Trust | Brunswick | $270M | 2 |
| The Peoples Bank | Eatonton | $270M | 3 |
| South Georgia Bank | Glennville | $270M | 5 |
| Community Bank of Georgia | Baxley | $269M | 2 |
| AB&T | Albany | $261M | 3 |
Magnolia State Bank: common questions
Is Magnolia State Bank FDIC-insured?
Yes. Magnolia State Bank is an active FDIC-insured institution, FDIC Certificate #877. Deposits are insured up to $250,000 per depositor, per ownership category. You can confirm this on FDIC BankFind.
Where is Magnolia State Bank headquartered?
Magnolia State Bank is headquartered at 130 Oak St, Eastman, GA 31023, according to FDIC records.
How many branches does Magnolia State Bank have?
FDIC location data lists 5 offices for Magnolia State Bank, all in Georgia.
Who owns Magnolia State Bank?
The FDIC lists MAGNOLIA BANKSHARES INC of Eastman, GA as the top holding company for Magnolia State Bank.
Source: FDIC BankFind Suite (institution, location, and call report data). BankNearMe.com does not rank or rate banks.