Posted In Fund V

SouthCrest Financial Group Moves into Midtown Atlanta; Relocation is at Core of CEO’s Atlanta Regional Growth Focus

  • Posted 01/27/2017
  • Castle Creek
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ATLANTA, Ga.–(GLOBE NEWSWIRE)–Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (SCSG:PK), announced today the company has leased offices in Midtown Atlanta and will relocate its corporate and banking headquarters there, pending regulatory approval. The moves are key elements in the company’s strategy to become a dominant provider of commercial banking services in the Atlanta region. Plans call CONTINUE READING >>

SouthCrest Financial Group Announces Agreement to Sell Two Alabama Branches to Guardian Credit Union

  • Posted 11/16/2016
  • Castle Creek
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WOODSTOCK, Ga.–(GLOBE NEWSWIRE)–Brian D. Schmitt, Chief Executive Officer of SouthCrest Financial Group, Inc. (SCSG:PK), announced today that the company has reached agreement for the sale of its two branches in Alabama and all related deposits and assets to Guardian Credit Union, a respected Alabama consumer financial services cooperative. The sale, expected to close in early 2017, subject to regulatory approval, CONTINUE READING >>

Nicolet Bankshares, Inc. To Acquire First Menasha Bancshares, Inc.

  • Posted 11/4/2016
  • Castle Creek
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Green Bay, Wis.–(PRNewswire)–Nicolet Bankshares, Inc. (NASDAQ: NCBS) (“Nicolet”) and First Menasha Bancshares, Inc. (OTCQX: FMBJ) (“First Menasha”) today jointly announce the execution of a definitive merger agreement, pursuant to which Nicolet will acquire First Menasha and its wholly owned banking subsidiary, The First National Bank- Fox Valley (“FNB-Fox Valley”).  The move will expand Nicolet’s presence in the Fox Valley and CONTINUE READING >>

Summit Financial Group, Inc. Completes Its Acquisition of Highland County Bankshares, Inc. and Subsidiary, First and Citizens Bank

  • Posted 10/3/2016
  • Castle Creek
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MOOREFIELD, W. Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ:SMMF) announces completion, effective October 1, 2016, of the acquisition by its subsidiary Summit Community Bank, Inc. of Highland County Bankshares, Inc. and its subsidiary, First and Citizens Bank, headquartered in Monterey, Virginia. The former First and Citizens offices will continue to operate under that name until close of business on Friday, CONTINUE READING >>