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.
