The recent sale of a Georgia banking company illustrates that sometimes the whole really is worth more than the sum of the parts.

SCBT Financial (SCBT) on Wednesday announced an agreement to buy Savannah Bancorp (SAVB) in a stock exchange valued at $67.1 million. It is one of the biggest traditional bank acquisitions in Georgia since the onset of the housing crisis.

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.