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Alabama banks CB&S, PrimeSouth complete merger

Alabama banks CBS Banc-Corp. and PrimeSouth Bancshares Inc. completed their merger on July 31.

The combined entity will have assets of $1.9 billion and will operate in three of Alabama's four largest markets.

Aside from the 100% cash consideration, other financial terms of the transaction were not disclosed.

Porter White Capital LLC was the exclusive financial adviser to PrimeSouth Bancshares Inc. and its subsidiary PrimeSouth Bank.