Tri-State Bank of Memphis to acquire Liberty Bank and Trust Company.

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.