CB&S Bank to acquire PrimeSouth

A Russellville-based CBS-Banc Corp. bank will soon operate in three of Alabama’s four largest markets – Birmingham, Huntsville and Montgomery – following an acquisition

CBS-Banc Corp. and PrimeSouth Bancshares Inc. have entered into a definitive agreement to merge and create a $1.9 billion institution. The deal consideration is 100% cash. Other financial terms were not disclosed.

The merger is expected to be complete in the third quarter of 2019, resulting in the fourth-largest, Alabama-based…

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