GB&T Bancshares, Inc. Declares First Quarter 2001 Cash Dividend

Apr 17, 2001, 01:00 ET from GB&T Bancshares, Inc.

    GAINESVILLE, Ga., April 17 /PRNewswire/ -- The Board of Directors of
 GB&T Bancshares, Inc. (Nasdaq:   GBTB), the parent company of Gainesville Bank &
 Trust in Hall County and United Bank & Trust in Polk County, declared a cash
 dividend of 7-1/2 cents per share for the quarter ending March 31, 2001.  The
 dividend was declared on April 16, 2001, for payment on April 30th to
 stockholders of record as of April 20, 2001.  This represents a 7.1% increase
 over the dividend declared for the same period in 2000.
     The dividend is based on first quarter earnings of $716,000, which is
 ahead of profit plan and an increase in excess of 18.2% over consolidated
 first quarter earnings of $606,000 in 2000.  This translates to first quarter
 2001 earnings per share of $.26, compared to consolidated earnings per share
 of $.22 for the same period in 2000, representing an increase of 18.2%.
     As of 3/31/01, total assets for GB&T Bancshares, Inc. climbed to over
 $373 million, which, when compared to total assets of $318 million for first
 quarter 2000, represents an increase of over 17.3%.
     On March 16th, GB&T Bancshares announced the signing of a definitive
 Agreement and Plan of reorganization to merge with Community Trust Financial
 Services Corporation, another north Georgia bank holding company.
     Upon completion of the merger, GB&T Bancshares will have total assets in
 excess of $500 million and equity of approximately $41 million.  Each bank
 will operate as separate subsidiaries and will retain its Board of Directors,
 management, trade name and other primary market strengths.  The merger is
 subject to approval of the shareholders of both institutions and federal and
 state authorities.
     GB&T Bancshares, Inc. is the parent company of Gainesville Bank & Trust
 with over $311 million in assets and seven banking offices in Hall County and
 United Bank & Trust in Polk County with $63 million in assets and offices in
 Rockmart and Cedartown.  Community Trust Financial Services Corp., parent
 company of Community Trust Bank, headquartered in Hiram, GA, has total assets
 of over $156 million, five bank offices located in Paulding and Cobb Counties,
 subsidiary companies Metroplex Appraisals, Inc. and Community Loan Company and
 a minority interest in Cash Transactions, L.L.C.
     GB&T Board Chairman Abit Massey stated, "Our long-term strategic plan is
 to build a network of community banks operating under the umbrella of a top
 quality financial services holding company headquartered in north Georgia.  We
 recognize the competitive advantages of community banks in local markets,
 therefore, Community Trust Bank will maintain its local name, identity and
 Board of Directors.
     "The merger with Community Trust Financial Services will provide our
 company a presence in the three contiguous counties of Polk, Cobb, and
 Paulding, the seventh fastest growing county in the United States," commented
 Richard Hunt.  "When the merger is completed, GB&T Bancshares will reach yet
 another significant milestone, as total assets will increase to a half a
 billion dollars."
 
 

SOURCE GB&T Bancshares, Inc.
    GAINESVILLE, Ga., April 17 /PRNewswire/ -- The Board of Directors of
 GB&T Bancshares, Inc. (Nasdaq:   GBTB), the parent company of Gainesville Bank &
 Trust in Hall County and United Bank & Trust in Polk County, declared a cash
 dividend of 7-1/2 cents per share for the quarter ending March 31, 2001.  The
 dividend was declared on April 16, 2001, for payment on April 30th to
 stockholders of record as of April 20, 2001.  This represents a 7.1% increase
 over the dividend declared for the same period in 2000.
     The dividend is based on first quarter earnings of $716,000, which is
 ahead of profit plan and an increase in excess of 18.2% over consolidated
 first quarter earnings of $606,000 in 2000.  This translates to first quarter
 2001 earnings per share of $.26, compared to consolidated earnings per share
 of $.22 for the same period in 2000, representing an increase of 18.2%.
     As of 3/31/01, total assets for GB&T Bancshares, Inc. climbed to over
 $373 million, which, when compared to total assets of $318 million for first
 quarter 2000, represents an increase of over 17.3%.
     On March 16th, GB&T Bancshares announced the signing of a definitive
 Agreement and Plan of reorganization to merge with Community Trust Financial
 Services Corporation, another north Georgia bank holding company.
     Upon completion of the merger, GB&T Bancshares will have total assets in
 excess of $500 million and equity of approximately $41 million.  Each bank
 will operate as separate subsidiaries and will retain its Board of Directors,
 management, trade name and other primary market strengths.  The merger is
 subject to approval of the shareholders of both institutions and federal and
 state authorities.
     GB&T Bancshares, Inc. is the parent company of Gainesville Bank & Trust
 with over $311 million in assets and seven banking offices in Hall County and
 United Bank & Trust in Polk County with $63 million in assets and offices in
 Rockmart and Cedartown.  Community Trust Financial Services Corp., parent
 company of Community Trust Bank, headquartered in Hiram, GA, has total assets
 of over $156 million, five bank offices located in Paulding and Cobb Counties,
 subsidiary companies Metroplex Appraisals, Inc. and Community Loan Company and
 a minority interest in Cash Transactions, L.L.C.
     GB&T Board Chairman Abit Massey stated, "Our long-term strategic plan is
 to build a network of community banks operating under the umbrella of a top
 quality financial services holding company headquartered in north Georgia.  We
 recognize the competitive advantages of community banks in local markets,
 therefore, Community Trust Bank will maintain its local name, identity and
 Board of Directors.
     "The merger with Community Trust Financial Services will provide our
 company a presence in the three contiguous counties of Polk, Cobb, and
 Paulding, the seventh fastest growing county in the United States," commented
 Richard Hunt.  "When the merger is completed, GB&T Bancshares will reach yet
 another significant milestone, as total assets will increase to a half a
 billion dollars."
 
 SOURCE  GB&T Bancshares, Inc.