Appalachian Bancshares, Ellijay, Ga., has executed a definitive agreement to buy First National Bank of Union County, Blairsville, Ga., for $6.1 million in cash.

First National, a $47 million-asset subsidiary of Century South Banks Inc., Dahlonega, Ga., would operate as a subsidiary of Appalachian.

Appalachian, with $126 million of assets, is the parent of Gilmer County Bank.

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