River Financial expanding in southern Ala. with latest acquisition

Register now

River Financial in Prattville, Ala., has agreed to buy Trinity Bancorp in Dothan, Ala.

The $1.1 billion-asset River Financial said in a press release Wednesday that it will pay $27.1 million in cash and stock for the parent of the $165 million-asset Trinity Bank. The deal is expected to close in the fourth quarter.

River Financial will have 17 branches, $875 million in loans and $1 billion in deposits when the deal closes.

Brian McLeod, a Trinity director, will join River Financial’s board.

Trinity was advised by Porter White Capital and Jones Day. River Financial was advised by Jones Walker.

For reprint and licensing requests for this article, click here.