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Capital City Bank Group, Inc Acquires Strategic Wealth Group, LLC
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Capital City Bank Group, Inc. Acquires Strategic Wealth Group, LLC Capital City Bank Group Tallahassee, Florida, UNITED STATES
TALLAHASSEE, Fla., May 03, 2021 (GLOBE NEWSWIRE) Capital City Bank Group, Inc. (NASDAQ: CCBG) today announced the closing of its acquisition, on April 30, 2021, of substantially all of the assets of Strategic Wealth Group, LLC. A newly formed subsidiary of CCBG, Inc., Capital City Strategic Wealth, LLC (CCSW), acquired the wealth management business and will offer insurance planning, risk management and asset protection services. In addition, CCSW will offer investment advisory and estate planning services through LPL Financial. The acquisition reflects a deliberate effort to expand existing product offerings and service areas to deliver the highest quality wealth management services and risk management expertise to clients throughout the Southeast.
Capital City Bank Group, Inc. closed on its acquisition of Strategic Wealth Group in Valdosta, Georgia, creating Capital City Strategic Wealth, the company said in a statement.
The newly formed subsidiary will offer insurance planning, risk management, asset protection and estate planning services, along with investment advisory.
According to Capital City Bank Group, the acquisition reflects a deliberate effort to expand existing products and service areas to deliver the highest quality wealth management services. in the Southeast.
“Capital City has always been an acquisitive company seeking strategic ways to expand our product offerings and footprint while diversifying revenue streams and returning value to our shareowners,” said William G. Smith, Jr., chairman, president and chief executive officer of CCBG, in a statement.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Capital City Bank Group, Inc. Acquires Strategic Wealth Group, LLC
Capital City Bank GroupMay 4, 2021 GMT
TALLAHASSEE, Fla., May 03, 2021 (GLOBE NEWSWIRE) Capital City Bank Group, Inc. (NASDAQ: CCBG) today announced the closing of its acquisition, on April 30, 2021, of substantially all of the assets of Strategic Wealth Group, LLC. A newly formed subsidiary of CCBG, Inc., Capital City Strategic Wealth, LLC (CCSW), acquired the wealth management business and will offer insurance planning, risk management and asset protection services. In addition, CCSW will offer investment advisory and estate planning services through LPL Financial. The acquisition reflects a deliberate effort to expand existing product offerings and service areas to deliver the highest quality wealth management services and risk management expertise to clients throughout the Southeast.
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