Centennial Bank has made application to the Federal Reserve Board for permission to establish a full-service mobile branch in Franklin County.
The Federal Reserve considers a number of factors in deciding whether to approve such applications, including the record of performance of the applicant bank in helping to meet local credit needs.
Both municipalities, Apalachicola and Carrabelle have requested a formal hearing on the application to give those that desire the opportunity to understand the full extent of Centennial’s request.
According to Donnie Gay, Market President for Centennial, the bank is eager to hold a hearing to address any concerns that the citizens may have.
“Our bank will be preparing a slide show to demonstrate how we use this mobile unit for community events and for disaster recovery after natural disasters”, said Gay.
The hearing’s date, place, and time will be determined later.
Photos provided by Donnie Gay
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