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The $1.2 billion-asset National Commerce said in a press release Tuesday that it will pay about $37 million in cash and stock for the $300 million-asset Reunion Bank.
July 7 -
The $1.2 billion-asset National Commerce said in a press release Tuesday that it will pay about $37 million in cash and stock for the $300 million-asset Reunion Bank.
July 7 -
The Office of the Comptroller of the Currency closed Alabama Trust Bank in Sylacauga on Friday, making it Alabama’s first bank failure in more than a year.
May 18
Southern States Bancshares in Anniston, Ala., has agreed to buy Columbus Community Bank in Georgia for $21.4 million.
The $340 million-asset Southern States expects the all-cash deal to close in the third quarter, pending approval from regulators and from Columbus Community shareholders.
The $122 million-asset Columbus Community operates one branch in Columbus, Ga., and Southern States already operates one branch in Columbus. The deal would give Southern States a total of eight branches in Alabama and Georgia.
Southern States has made one acquisition in its history: the
SunTrust Robinson Humphrey was financial adviser to Southern States and Jones Walker was its legal counsel. Martin Snow was legal counsel to Columbus Community.
