THOMSON, Ga.-- Allied Bankshares Inc. and First Savings Bank of Thomson, Ga., announced today that they had agreed to merge.

Under the agreement, First Savings will be merged into Allied Bank of Georgia, a wholly owned banking subsidiary of Allied in a tax-free exchange of First Savings Bank shares for shares of Allied common stock with a market value of approximately $11.8 million.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.