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State Bank Financial (STBZ) in Atlanta has agreed to buy Atlanta Bancorp.
April 28 -
Two private banks in Georgia skillfully used a state process meant to protect the interests of everyday investors to hasten consideration of their merger application. Some other states have similar laws.
January 10 -
Traditional bank M&A in Georgia has been nearly dead in recent years, but Hamilton State Bancshares' deal this week to buy Cherokee Banking suggests that the Peach State may be primed for consolidation.
August 28
First Landmark Bank and Midtown Bank & Trust have agreed to a merger of equals, the second deal involving Atlanta-area banks announced on Monday.
First Landmark's shareholders will own 52.25% of the combined company, which will retain First Landmark's charter. Midtown shareholders will own the rest.
The combined company will have about $423 million of assets and two branches in the Atlanta area. The new company will operate under three trade names: First Landmark, Midtown Bank and Bank of Sandy Springs.
Stan Kryder, president and chief executive of Atlanta-based Midtown, will be CEO of the combined company. Terry DeWitt, CEO of Marietta, Ga.-based First Landmark, will be chief financial officer.
Paces Battle Group and Bryan Cave advised Midtown. Sandler O'Neill and Miller & Martin advised First Landmark.
Earlier Monday, the $2.6 billion-asset State Bank Financial (STBZ)
