Peoples Southern Merges with River B&T
River Financial Corporation of Prattville, AL and PSB Bancshares, Inc. of Clanton, AL have closed their merger, effective October 31, 2018. The combined bank has approximately $1.1 billion in total assets, $700 million in total loans and $900 million in total deposits and has fourteen locations across Alabama. Porter White Capital, LLC served as exclusive financial advisor to PSB Bancshares, Inc. and Peoples Southern Bank.
For more information on how we can assist your bank with its merger and acquisition needs, please email Michael Rediker or call him at (205) 458-9135.
Securities offered through Porter White Capital, LLC, member of FINRA/SIPC and a wholly owned subsidiary of Porter White Companies, Inc.