Franklin County commissioners said they would like to lure another bank into the community, preferably a local one.
Franklin County recently lost its last local bank when regulators closed Gulf State Community Bank and sold it to Centennial Bank which is based in Arkansas.
Centennial also acquired Coastal Community Bank earlier this year, which was the parent company of Apalachicola State Bank.
That leaves residents with fewer choices, and commissioners are concerned about more jobless.
County commissioners expressed concerns that we could see lay-offs in the coming months as the two banking systems are merged and feel that one way to soften the blow is to find another banking group that might want to open a branch here.
Board members also said that residents might like the option of dealing with a bank that is more local.
County commissioners decided they would begin their search with a letter to Tyndall Federal Credit Union.
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