On July 31, 2019 CBS-Banc Corp. of Russellville, AL and PrimeSouth Bancshares, Inc. of Pike Road, AL announced the closing of their merger which combines two well-respected banking franchises and creates a $1.9 billion institution operating in three of Alabama’s four largest markets.
The deal consideration was 100% cash. Other financial terms were not disclosed.
Porter White Capital, LLC served as exclusive financial advisor to PrimeSouth Bancshares, Inc. and its subsidiary, PrimeSouth Bank.
Porter White has advised on 9 Alabama community bank mergers since 2016.
For more information on how we can assist your bank with its merger and acquisition needs, please email Michael Stone or call him at (205) 252-3681.
Securities offered through Porter White Capital, LLC, member of FINRA/SIPC and a wholly owned subsidiary of Porter White Companies, Inc.