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Piedmont Bank completes acquisition of Mountain Valley Community Bank

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Piedmont Bank completes acquisition of Mountain Valley Community Bank

Norcross, Ga.-based Piedmont Bank completed its acquisition of Cleveland, Ga.-based Mountain Valley Community Bank, effective Sept. 6, according to Georgia Department of Banking and Finance's monthly bulletin.

The regulator also gave its approval for the deal on the same date.

As of June 30, Piedmont Bancorp Inc. had $598.6 million in assets, while Mountain Valley Bancshares Inc. had $153.1 million in assets.