The capital stock was $100,000, divided into 1,000 shares, a majority of which was held by John Rice.
The stock remained in the hands of the same parties until 1870 when Hannibal Kimball purchased 800 shares.
The bank was the depository of the State of Georgia during Governor Rufus Bullock's administration.
On February 6, 1872, a suit was brought against the bank to recover the money which it was claimed belonged to the state and was unlawfully held.
As a consequence of this controversy, the bank was forced to suspend operations and never resumed business.