August 21, 2019
On August 20, 2019, Community First Bancshares, Inc., Covington, Georgia (“Community First”), the holding company for Newton Federal Bank, and ABB Financial Group, Inc., Atlanta, Georgia (“ABB”), the holding company for Affinity Bank, announced the signing of a definitive merger agreement, pursuant to which ABB will merge with and into Community First, with Community First as the resulting company.
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August 21, 2019
Messrs. Spaccasi, Gorman and Lax presented a variety of subjects at the Crowe, Stifel and Luse Gorman sponsored “Bank Leadership and Profitability Improvement Conference,” held in Miami Beach, Florida. The presentations focused on cannabis bank, cyber security and corporate governance matters and was attended by community banking industry lenders.
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August 20, 2019
Gary A. Lax presented “Cannabis and Banking” on a panel at the Crowe Leadership Conference on August 20, 2019, in Miami, FL. The panel discussed marijuana-related businesses and Industrial Hemp, the status of federal and state laws, and the elements of a risk assessment and compliance program to on-board customers and provide financial products and services to these customers.
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August 12, 2019
On August 9, 2019, Country Bank Holding Company, Inc., New York, New York (“CYHC”), the holding company for Country Bank, and OceanFirst Financial Corp., Red Bank, New Jersey, the holding company for OceanFirst Bank, N.A., announced the signing of a definitive merger agreement pursuant to which CYHC will merge with and into OceanFirst Financial, with OceanFirst Financial as the resulting company.
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August 7, 2019
On August 6, 2019, Sevier County Bancshares, Inc. (“Sevier County”), Sevierville, Tennessee, the holding company of Sevier County Bank, announced the completion of its $13 million common stock offering, effective August 1, 2019.
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