Two Alabama banks to join forces


Two Alabama banks are set to join forces by the fourth quarter of this year.

Prattville-based River Financial Corp, parent of River Bank & Trust, will acquire Clanton-based PSB Bancshares Inc., parent of Peoples Southern Bank.

As part of the deal, PSB Bancshares will operate as River Bank & Trust. Financial terms of the deal were not disclosed.

This transaction, which will result in a combined institution of more than $1 billion in total assets, is the first merger involving two Alabama banks…

Previous Envision receives gift from Intrust Bank for new downtown workforce center
Next KC is home to one of the nation's 50 fastest-growing wealth advisers