SOUTHCREST FINANCIAL GROUP BASED IN ATLANTA HAS AGREED TO ACQUIRE COLONY BANK'S THOMASTON BRANCH.
SOUTHCREST CEO BRIAN D. SCHMITT, ANNOUNCED FRIDAY, THE AGREEMENT INCLUDES THE PURCHASE OF ALMOST $40 MILLION IN DEPOSITS AND APPROXIMATELY $3 MILLION OF LOANS FROM COLONY.
NO REAL ESTATE IS A PART OF THE TRANSACTION.
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