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Great American Bank to Merge with The University National Bank of Lawrence
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Alabama Credit Union plans purchase of Jasper-based Security Federal Savings Bank
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New Orleans-based Liberty Bank and Trust Co — the largest Black-owned financial institution in the U S with more than $850 million in assets — set to acquire Tri-State Bank of Memphis
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ARKADELPHIA, ARK – Southern Bancorp, Inc., a Community Development Financial Institution (CDFI) and holding company for Southern Bancorp Bank, today announced that it has closed on its acquisition of DeWitt First Bankshares Corporation and its wholly owned subsidiary, Arkansas County Bank. The acquisition, which was announced in January 2021, closed on May 14
th, adding three new bank branches to the Southern Bancorp network, two in Arkansas County (DeWitt and Stuttgart) and one in Sevier County (Lockesburg), bringing the total number of locations in Arkansas and Mississippi to 52.
“We are grateful for the opportunity to join the DeWitt, Stuttgart, and Lockesburg communities and introduce our new team members and customers to Southern Bancorp’s mission-driven style of banking,” said Southern Bancorp Inc. CEO Darrin Williams. “Our blend of traditional banking products and financial development services such as credit and housing counseling and financial education are desig
Press release content from Business Wire. The AP news staff was not involved in its creation.
First Paragould Bankshares, Inc. to Enter Tennessee with Acquisition of Cumberland Bancshares, Inc. and Citizens Bank
May 5, 2021 GMT
PARAGOULD, Ark. & HARTSVILLE, Tenn. (BUSINESS WIRE) May 4, 2021
First Paragould Bankshares, Inc. (“First Paragould”), the holding company for First National Bank (“First National”), announced today that it has entered into a definitive agreement to acquire Cumberland Bancshares, Inc. (“Cumberland”) and its banking subsidiary, Citizens Bank located in Hartsville, Tennessee.
With the proposed transaction, First National will enter Tennessee and establish a significant presence within the Nashville MSA, including branches in Sumner County and Trousdale County. On a pro forma basis, First National Bank will have 23 branches and total assets of approximately $2.2 billion.