Dear Valued Shareholder,
2021 was truly a remarkable year for TC Federal Bank (TCF). After 87
years of a mutual form of ownership, TCF embarked on a journey to
convert to a stock held, publicly traded company. The conversion was
met with an unexpected level of enthusiasm from our customer base.
The $48.9 million initial public offering (IPO) was completed in July
and the new holding company, TC Bancshares (TCBC), began trading
on the Nasdaq stock exchange on July 21, 2021. The level of
investment by the customer base of TCF was overwhelming.
The team at TCF has a vision to grow our organization by bringing our
version of community banking to the places where we live and serve.
Organic growth is key to our future success. We will fuel this growth
through leveraging our increased capital base, the competency of the
outstanding bankers that make up our team and the potential entry
into new markets.
From our origins in 1934, we remain committed to the bank’s core
vision: To be a high performing financial institution that provides a
premium experience, earns trust through servant leadership and
enriches the communities where we live and serve. Casting of this
vision influences our everyday culture and interactions with
stakeholders both internal and external to the organization. As we
grow and add additional team members, substantial efforts will
continue to be made with each hire to ensure we are able to offer the
best of community banking.
The IPO and resulting capital raise during 2021 have laid a solid
foundation upon which we will continue to grow our institution. The
entire TCF team is excited and working hard every day toward the
success of our company.
Thank you for your support,
Greg Eiford
President and CEO