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Local organizers file application for new bank charter in Highlands pending regulatory approvals

(HIGHLANDS, NC—OCTOBER 22, 2020)– Richard “Tony” Potts, a long time Highlands banker, and local investor Robby Roberts, announced that they, along with several other organizers, has filed an application with the North Carolina Office of the Commissioner of Banks and the FDIC to charter a new local bank in Highlands, North Carolina. The proposed name is Highlands Banking Company.
According to Roberts, they anticipate opening in early April of 2021, pending meeting equity requirements and final regulatory approvals. “We are excited about starting a local bank in Highlands that is focused on the community and the surrounding Highlands area,” Roberts stated.

Potts also commented “We feel there is a need for a bank that is locally owned and managed in Highlands. We plan to meet that need with responsive personal service, local decision making, and innovative technology.”

The proposed management team includes Roberts as Chairman and CEO, Potts as President, Susan Gibbs, Chief Operating Officer, and Deanna Mote, Chief Financial Officer. Other organizers and proposed board members include Ted Gammill, James Tate, and Jimmy Garner.

For questions or additional information about the proposed bank and organizers go to the website www.highlandsgroupnc.com.

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