Georgia Banking Company to merge with Peoples BankTrust in a $58m deal.

Georgia Banking Company, a full-service, commercial community bank headquartered in Atlanta, agreed to merge with Peoples BankTrust, a bank holding company, in a $58m deal. "We are pleased to announce this financially compelling acquisition of Peoples. Expanding our franchise to serve the people of the broader metro Atlanta community is at the core of our strategic vision. The acquisition grows our market share and provides us an excellent opportunity to broaden our footprint into Buford, Georgia in a low-risk manner," Bartow Morgan, GBC CEO.