Piedmont Bancorp

What Piedmont Bancorp does

Piedmont Bancorp, Inc. was a private bank holding company headquartered in Atlanta (Norcross), Georgia, founded in 2006 with between 51 and 100 employees. The company operated as a regional community bank providing personal banking, small business banking, commercial banking, mortgage lending, and wealth management services to retail consumers, small businesses, and commercial clients across the Southeast. Its core technology consisted of standard banking infrastructure, including online and mobile banking platforms, with no disclosed proprietary technology components. Revenue was generated through traditional community banking mechanics: net interest income from loans and deposits, supplemented by non-interest income from banking fees and service charges. Distribution was anchored by physical branch locations supplemented by digital banking channels, including a mobile app with third-party payment integration.

Piedmont Bancorp's growth strategy combined organic branch expansion with selective M&A, most notably the March 2017 acquisition of Mountain-Valley Bank. The company raised approximately $64.7 million across multiple funding rounds between 2009 and 2020, with the largest disclosed raise of $20 million in September 2020. Leadership was anchored by Monty Watson as Chairman and CEO. The company maintained a horizontal segmentation approach, serving individual consumers, small businesses, and commercial enterprises through a unified community banking relationship model.

In January 2025, United Bankshares, Inc. (NASDAQ: UBSI) completed the acquisition of Piedmont Bancorp, Inc., after which Piedmont ceased to operate as an independent entity. The combined organization operates over 240 branch locations across nine states (including Virginia, West Virginia, Maryland, the District of Columbia, Georgia, and others) with more than $32 billion in total assets under the United Bank brand. The transaction generated approximately $30 million in merger-related expenses included in United Bankshares' Q1 2025 results.

Name

Piedmont Bancorp

Legal name

Piedmont Bancorp, Inc.

Website

https://piedmontbankonline.com

Company type

Private

Founded year

2006

Operating status

Acquired

Headcount range

51–100 employees

Short description

Piedmont Bancorp was a private community bank holding company based in Atlanta, Georgia, serving retail consumers, small businesses, and commercial clients across the Southeast. It was acquired by United Bankshares in January 2025 and now operates under the United Bank brand.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

General SME & Middle-Market Commercial Banking (FSABABAA)

akta.pro secondary industries

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA), Retail Lending (Personal Loans, Auto, Credit Lines) (FSABAAAB), SME Deposits & Business Accounts (Operating, Savings, CDs) (FSABABAC)

Keywords

• Community banking services
• Personal banking products
• Commercial lending services
• Small business banking
• Retail deposit accounts

Headquarters

HQ city

Norcross

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Banking Operations: Piedmont Bancorp operated as a traditional community bank generating revenue through interest income on loans, interest expense on deposits, and non-interest income from banking services such as fees and service charges.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

Piedmont Bancorp operated as a regional community bank offering personal and commercial banking services. Its core offerings included deposit accounts (checking, savings, money market, CDs), consumer lending (mortgages, home equity, personal/auto loans), commercial lending, small business banking, treasury management, credit cards, and wealth management and brokerage services. Distribution was conducted through physical branch locations and digital banking channels (online and mobile).

Product overview

Piedmont Bancorp was a regional banking institution based in Atlanta, Georgia, that was acquired by United Bankshares, Inc. in January 2025. No specific product portfolio details or service offerings were available in the source data for Piedmont Bancorp as a standalone entity.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts Personal checking account products including Free Checking, Essential Checking, Rewards Checking, Platinum Checking, and Veterans Checking for individual consumers.
• Personal Savings and CDs Personal savings, money market, and certificate of deposit (CD) products for individual consumers.
• Mortgages and Home Equity Lending Residential mortgage loans and home equity lines/loans for consumer borrowing needs.
• Personal and Auto Loans Unsecured personal loans and auto loans for individual consumers, supported by online loan payment tools.
• Credit Cards Personal VISA Platinum credit card offering for consumer credit needs.
• Small Business Checking and Savings Business checking accounts (Free and Analyzed) and savings products designed for small business customers.
• Business Credit Cards Credit card solutions for small business clients.
• Commercial Lending Services Lending services tailored for commercial and corporate clients, including commercial loan products.
• Non-Profit Banking Services Banking services and solutions designed for non-profit organizations.
• Treasury Management and Direct Link Merchant Treasury management and merchant payment processing services for commercial clients.
• Commercial Online Banking Online banking access for commercial banking customers.
• Brokerage and Financial Planning Brokerage services, financial planning, investing, and retirement planning solutions for individuals.
• Wealth Management and Trust Services Wealth management services for individuals, families, institutions, and non-profits, including fiduciary and trust services.

Segments2 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• United Community Banks, Inc. Southeast-focused community bank holding company serving retail, small business, and commercial customers across Georgia, Florida, North Carolina, South Carolina, and Tennessee. Closely comparable to Piedmont in geographic footprint, customer mix (SME and consumer), and product suite.
• Ameris Bancorp: Southeast US community bank with branches across Georgia, Florida, Alabama, the Carolinas, and Mississippi, offering retail, business, and commercial banking. Directly comparable to Piedmont in regional concentration, community-bank positioning, and full-service deposit/lending model.
• Renasant Corporation: Community-focused bank holding company headquartered in Tupelo, Mississippi, operating across the Southeast (Mississippi, Tennessee, Alabama, Georgia, Florida, North Carolina). Comparable to Piedmont in customer segmentation, commercial/retail mix, and growth-via-M&A strategy.
• ServisFirst Bancshares, Inc. Southeast regional bank holding company providing commercial, consumer, and treasury management services across Alabama, Florida, Georgia, Tennessee, North Carolina, and South Carolina. Direct competitor to Piedmont in the Southeast commercial/SME banking segment.
• First Bancorp: North Carolina-headquartered community bank serving retail, small business, and commercial customers across the Carolinas, Virginia, and Georgia. Comparable to Piedmont in regional Southeast footprint and traditional community-bank product offering.
• Atlantic Capital Bancshares: Atlanta-based commercial bank serving middle-market businesses, specialty finance, and treasury management clients in the Southeast. Comparable to Piedmont in Atlanta headquarters, commercial banking focus, and Southeast concentration.
• HomeTrust Bancshares, Inc. Community-focused bank holding company operating across the Southeast, Mid-Atlantic, and Midwest, offering retail banking, mortgage lending, and commercial services. Comparable to Piedmont in community-bank positioning and full-service product mix.

Broad incumbents

• United Bankshares, Inc. Acquirer of Piedmont Bancorp and operator of the combined entity (240+ branches, $32B+ assets across the Southeast and Mid-Atlantic). Comparable as the parent bank and broader regional incumbent that Piedmont was integrated into.
• Cadence Bank: Regional bank serving commercial, small business, and retail customers across the Southeast, Texas, and the Mid-South. Comparable to Piedmont as a broader Southeast regional incumbent with overlapping commercial banking capabilities.
• Truist Financial Corporation: Top-10 US bank with significant Southeast presence following the BB&T-SunTrust merger, offering retail, commercial, and wealth services across the same geographies Piedmont operated in. Comparable as a much larger incumbent competitor in the same markets.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds5 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Piedmont Bancorp