Announced
Financials
Tags
Single Bidder
Domestic
Pending
Majority
Banks
banking services
Acquisition
United States
Private
Friendly
commercial banking
Synopsis
Tri-State Bank of Memphis, a commercial bank, agreed to acquire local banking institutions Liberty Bank and Trust Company. Financial terms were not disclosed. “Combining with Liberty, an extremely well-run institution that shares our culture, will enhance our ability to serve our customers and uphold our mission. This transaction is compelling for all of Tri-State’s stakeholders including customers, employees, shareholders and our community," Archie Willis, Tri-State Chairman.
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