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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 -
Heartland Financial USA in Dubuque, Iowa, has agreed to buy First Scottsdale Bank in Arizona.
May 15 -
NCUA announced Friday it approved a federal charter for another credit union the Seneca Nation of Indians FCU which will serve members of the Seneca Nation Indian tribe in western New York state.
May 15 -
The Miami area's economy is on the rebound and expanding beyond sun and fun. A new influx of money, investors and customers with international ties could feed local banks' balance sheets and top-line growth.
May 15
Hamilton State Bancshares in Hoschton, Ga., has agreed to acquire the $130 million-asset Highland Financial Services in Marietta, Ga.
The deal, announced Friday, would be Hamilton's seventh acquisition since late 2008, according to Federal Deposit Insurance Corp. data. Its last acquisition was in early 2014,
Hamilton said in the news release that the deal is expected to close in the fourth quarter, pending regulatory and shareholder approval. Financial terms of the sale were not disclosed.
Highland is the parent of Highland Commercial Bank, which has offices in Marietta and Smyrna, and Hamilton is the holding company for Hamilton State Bank, which has 26 branches in north Georgia. Both companies were founded in 2004, according to the FDIC.
Highland Commercial is expected to be merged into Hamilton State Bank.
