Georgia-based Robins Financial CU acquiring Persons Banking

Warner Robins, Ga.-based Robins Financial CU entered into a definitive agreement to acquire Forsyth, Ga.-based Persons Banking Co.

Financial terms of the deal were not disclosed in the news release.

Robins Financial CU has over $3.8 billion in assets and more than 240,000 members. Persons Banking had $429.5 million in assets as of Dec. 31, 2021, according to the news release.

Honigman LLP is the legal counsel and Mercer Capital is the financial adviser to Robins Financial CU. Fenimore Kay Harrison LLP is the legal counsel to Persons Banking, while Hovde Group LLC and D.A. Davidson & Co. are the financial advisers to the bank.

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