By the late 1890s, Greenback had three stores, a barbershop, blacksmith shop, school, livery stables, a hotel, and two baseball teams (segregated between white and black players). The Knoxville Southern was purchased by the Marietta and North Georgia Railroad, which was in turn purchased by the Atlanta, Knoxville and Northern Railroad in 1895. The Louisville and Nashville Railroad (L&N), which was building a rail line between Cincinnati and Atlanta, purchased the Atlanta, Knoxville and Northern in 1902. The L&N's Greenback Depot, completed in 1914, still stands in Greenback, and has since been remodeled by Ron Edmondson as a community events center. The Greenback Drug Company, opened in 1923, still stands and has served as a community restaurant and diner for the past few decades. Locals still call it "the drugstore" and meet there for food and community.