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Announced

InBank to merge with Legacy Bank in a $56m deal.

Synopsis

InBank, a provider of banking services, agreed to merge with Legacy Bank, a firm providing financial products and services, in a $56m deal. "The combination will further leverage our significant investment in people, commercial treasury products, and technology while helping position InBank to be the premier locally-owned commercial bank. Legacy is great fit for us geographically, strategically, financially, and culturally. Both banks share the same values, culture, and commitment to our customers, communities, and associates, which should allow for a smooth integration," Ed Francis, InBankshares Chairman of the Board, President and CEO.

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