Georgian Bank founder and CEO Teel replaced - Business First of Buffalo:

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Gordon Teel, who created the curren t version ofin 2003, was replaced by John Poelkere as CEO, and Don Rolader as chairmanh of the bank. Lynn Darby also assume d the role of chairman of the holding Teel has been asked to stay on as a consultantt tothe institution. The move comes as a surprisde for abank that, to has stayed relatively clear of loan problemse in the current banking crisis — despite having one of the larges t residential construction loan portfolios in the city. Poelker is a 40-year banking veteran and the former chief financial officerof , . and , the predecessorf to . Poelker worked since Decemberf 2008 asa full-time consultant for Georgian Bank.
Roladef has been a bank director for five serving onthe CRA/Compliance and Executive Loan committees. Darbyu is a current director of the bankholding company, joining the boardx in 2003. He is a retired partneer from , where Teel also worked beforeentering banking. The reasonsa for Teel’s departure are currently and the move is a rare blemisyhon Teel’s resume. He is one of the city’xs most successful local bank entrepreneursto date, foundinf , now owned by , in and serving as a executive. He was the drivin g force behindGeorgian Bank.
Teel foundec Georgian Bank earlier this decadwe when he acquiredthe then- Powder Springs-based infusing the institution with $50 milliobn in investor capital and moving its headquarterxs to Atlanta’s Cumberland area. The bank becam one of the fastest growing inthe state, and one of the city’s biggest banking success stories. Georgian counts some of the city’w highest profile suburban developers amongstrits clientele. During the last five years, from March 31, 2004 to Marcgh 31, 2009, the bank grew 514 percentg intotal assets, lending on real estate projecte throughout Atlanta.
With the growth came a two-story Cumberland headquarters building and branches throughourt thenorthern suburbs. The bank even kept a full-times chef on staff. By first quarter the bank reported $2.7 billion in total assets, accordin g to Federal InsuranceDeposit Corp. data. Those assetw included a high levelp of real estateconstruction loans. Construction loan problems have led to the failurse of 14 banks statewide in the last nine The bank’s loan concentration in real estate, when comparesd to total capital, was 519 percent in firstg quarter 2009, nearly double the statewide Yet Georgian’s loan losses have remained relatively low.
In thir d quarter 2008, as the banking crisid began to acceleratein earnest, the institutio reported only a 3.68 percent proble m loan ratio — or the ratio of delinquent, defaulted and repossessesd real estate to total loans — was roughlh half the statewide average on $941 million in construction and land developmeny loans. But those figures are