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Share this article Share this article ATLANTA, April 23, 2021 /PRNewswire/ CoastalSouth Bancshares, Inc. ( CoastalSouth or the Company ), the parent company of Coastal States Bank ( CSB ), and Cornerstone Bancshares, Inc. ( Cornerstone ), the parent company of Cornerstone Bank, announced today the signing of a definitive merger agreement pursuant to which Cornerstone will merge with and into CoastalSouth. Following completion of the merger, Cornerstone Bank will become part of CSB. The transaction has been unanimously approved by the Board of Directors of each company and is expected to close in the third quarter of 2021. (PRNewsfoto/Coastal States Bank) Cornerstone Bank currently operates three branches in metro Atlanta. The merger will significantly expand CSB s presence in the Atlanta market and, on a pro forma basis, the Company will have more than $500 million in total deposits in the Atlanta MSA.

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