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State Bank Financial (STBZ) in Atlanta has agreed to buy Georgia-Carolina Bancshares (GECR) in Augusta, Ga. The $2.6 billion-asset State Bank will pay about $82 million, or $22.35 a share, in cash and stock.
June 24 -
Forcht Bancorp in Lexington, Ky., has agreed to buy Grant County Bancorp of Williamstown, Ky. Financial terms of Forcht's agreement to buy the $79 million-asset Grant Country Bancorp were not disclosed.
June 17
MidFirst Bank in Oklahoma City
The acquisition would give the $9.5 billion-asset MidFirst its first branches in Colorado. The $525 million-asset Steele Street
"Our acquisition of Steele Street Bank & Trust allows us to enter one of the most dynamic markets in the country, and one that is deeply rooted within our company's ownership," Jeff Records, MidFirst's chairman and chief executive, said in a press release.
The financial terms of the deal were not announced. It is expected to close in the first quarter of next year.
MidFirst said that Steele Street's CEO, Bob Malone, would stay on as Denver market chairman after the deal closes, focusing on board and client relationships. Steele Street's current directors would serve as market advisors, the company said.
MidFirst has more than 75 branches throughout Oklahoma and Arizona. The bank also operates commercial lending offices in Atlanta, Dallas, Houston, New York and Southern California.
