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Athens Federal Community Bank completes branch acquisition

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Athens Federal Community Bank completes branch acquisition

Athens, Tenn.-based AthensFederal Community Bank NA completed its four-branch from Chattanooga, Tenn.-basedAtlantic Capital Bank NA,according to an April 1 news release.

Athens Federal assumed approximately $89 million in customerdeposits and acquired approximately $13.9 million in loans and other assets affiliatedwith the acquired branches, which used to operate under the name FSG Bank, a divisionof Atlantic Capital Bank. The branches are located in Athens, Lenoir City, Madisonvilleand Sweetwater, Tenn.

Athens BancsharesCorp. is the parent company of Athens Federal while is theparent company of Atlantic Capital Bank.