Community & Southern Holdings in Atlanta has agreed to buy Community Business Bank in Cumming, Ga.
The $3.4 billion-asset Community & Southern did not disclose any of the deal's terms.
"This acquisition will significantly expand our presence in Forsyth County and position Community & Southern Bank for future growth in one of the fastest growing markets in Georgia," Pat Frawley, Community & Southern's chief executive, said in a press release Friday. "We are excited about the leadership, experience and market knowledge that Carter Barrett and his team bring to Community & Southern."
The $146 million-asset Community Business Bank was advised by Banks Street Partners and Womble Carlyle Sandridge & Rice. Community & Southern was advised by Sandler O'Neill and Alston & Bird.