State Bank Financial (STBZ) in Atlanta has agreed to buy Georgia-Carolina Bancshares (GECR) in Augusta, Ga.

The $2.6 billion-asset State Bank will pay about $82 million, or $22.35 a share, in cash and stock for the $523 million-asset Georgia-Carolina. State Bank said in a press release Tuesday that it expects to complete the acquisition in the first quarter of next year.

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