The City of Patterson will be changing it primary accounts to a new bank in coming months.
The city council voted unanimously to change the city’s accounts to PrimeSouth Bank.
Mayor Dedi Thomas explained the city will move its accounts from First Southern Bank to Prime-South Bank as soon as the change can be made.
The change comes as First Southern Bank has been bought by Community First Credit Union of Florida and is no longer eligible to serve as the school system’s bank.
“By law, Georgia does not allowpublicfundstobeheld at a credit union, so we are having to make this change,” Thomas said.
First Southern and Community First Credit Union announced the buyout in November, 2025, but the merger has been pending regulatory approval. That approval is expected to come later this year, which means the city will be required to make the change.
First Southern was the successor company to The Patterson Bank, founded in 1907 by Mayor Thomas’ grandfather. Mayor Thomas himself was long-time president of The Patterson Bank.
Comments