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First State Bank of DeKalb County completes First Bank of the South purchase

Fort Payne, Ala.-based First State Bank of DeKalb County completed itsacquisition ofRainsville, Ala.-based First Bankof the South, a unit of First Rainsville Bancshares Inc., on July 1,southerntorch.com reported July 16.

Following the merger, First State Bank expanded its footprint in northAlabama with the addition of new branches in Rainsville and Henagar in DeKalbCounty and Grant in Marshall County. The bank has now approximately $175million to $180 million in total assets and about $160 million in deposits,according to the publication.