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The $2.6 billion-asset Community & Southern has agreed to pay $11.80 per common share of Verity, the companies announced Wednesday.
September 4 -
SunTrust Banks Inc. said Thursday that it had completed its first bank acquisition since 2004, buying GB&T Bancshares Inc. of Gainesville, Ga., for $153.7 million.
May 2 -
FirstBank in Lexington, Tenn., has agreed to buy Northwest Georgia Bank in Ringgold.
May 1
Foothills Community Bank in Dawsonville, Ga., has named John Lewis interim chief executive.
Lewis replaces Charles Buckner, who resigned from the $77.2 million-asset bank last week. Buckner had been CEO of Foothills since 2007. Lewis was previously president of Verity Bank in Winder, Ga., which was later acquired by the $3.5 billion-asset Community & Southern Bank.
Foothills remains subject to an
Foothills is "in the process" of making changes to have the enforcement order terminated, and of making the bank "clean and profitable, moving forward," Lewis said in an interview with American Banker.
Lewis' experience with other community banks in Georgia made him a good fit for Foothills' plan to recapitalize, Chairman Mike Berg said in an interview with
"[Lewis] is part of the Foothills recapitalization plan," Berg said.