Select Bank & Trust Co. in Greenville, N.C., said Tuesday that it has completed its acquisition of Gibsonville Community Bank from Bank of Atlanta.
The $199 million-asset Select Bank added $25 million in deposits and $2 million in loans through the acquisition, which it completed on Friday. The $185.1 million-asset Bank of Atlanta agreed to sell Gibsonville Community to Select in October.
In addition to bringing over all of Gibsonville Community's employees, Select said in a press release that Don Jennings, a former president and chief executive at VantageSouth Bank and Morris Plan Bank, had also joined the company.
