Cobb County, Georgia, finally has its first locally-based bank.

Access Cobb, a spinoff of $261 million-asset Craft Bank, opened its doors in Marietta this week.

Led by veteran banker and Cobb County resident Terri Bunten Guthrie, Access Cobb is designed exclusively for local businesses, providing tailored services including business loans, lines of credit, and flexible checking and savings options.

“Everyone deserves to know their banker and have their banker know them,” Guthrie said in a press release.

Guthrie has lived in Cobb since 1998 and has more than three decades of banking experience, including serving as chief lending officer at First Landmark Bank.

Craft Bank is based in Atlanta and was launched just five years ago.

Its President and CEO, Ross Mynatt, describes Access Cobb as the first example of “branchising”—a model that replicates Craft’s foundation while allowing each location to develop its own local flavor.

Mynatt said more such efforts could be forthcoming based on Access Cobb’s success.

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Access Cobb will offer personal CDs and savings accounts as well as commercial banking and treasury management services.

Craft Bank reported net income of $1.2 million in the first quarter of 2025 compared to $853,000 a year earlier, according to the FDIC.

Only 86 new banks have been formed in the decade and a half since 2010, and more than half of those came between 2019 and 2022.

In an effort to fill a banking void in New Jersey, a group has been formed to launch Liberty Bank of New Jersey.

A de novo bank has not been created in the Garden State in about 17 years.

Sixty-eight million Americans live in counties without a community bank headquarters, according to a recent report by the ABA Banking Journal.