Dear Valued Shareholder,

TC Federal Bank (TCF) maintained its growth momentum during 2022. For the first time in the 88-year history of the bank, in July of 2022, TC Bancshares paid a dividend to its shareholders.  This was followed by another semi-annual dividend in January of 2023. 

As we begin 2023, uncertainty in the banking industry is evident.  We will continue to strive to provide the trust and confidence to our customers that they have experienced over our 88 year history as a financial institution.  Our bank has weathered the test of time.  Our capital levels are extremely strong, and our team of experienced bankers has the expertise to guide the institution safely and soundly into the future.

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.  This vision drives our everyday decisions.  Our goal is to be the community bank of choice in the markets we serve.  We have assembled a team that is well poised to execute on this promise.

Organic growth remains a top priority for our company. During 2022, we expanded our footprint, opening a loan production office in Jacksonville, Florida. Entry into the market was facilitated by the hiring of a long-time experienced banker who is a great cultural fit to our organization.  In addition, branch sites were secured in both Savannah, Georgia and Jacksonville, Florida.  The Savannah branch is on schedule to open in May of this year followed by the opening of the Jacksonville branch in June. 

We continue to give heightened attention to the culture of our organization.  Our goal is to foster an environment where high performing individuals are drawn.  The entire TCF team is excited and working hard every day toward the continued success of our company.

Thank you for your support,

hands in together

Greg Eiford

President and CEO