Credit Union Journal is reporting that $2.3 billion Georgia's Own Credit Union (Atlanta, GA) has entered into a definitive agreement to acquire State Bank of Georgia (Fayetteville, GA).
The deal was approved by both boards and will be structured as an asset purchase.
State Bank of Georgia had $90.1 million in assets, as of its most recent Call Report.
The transaction is expected to close during the second quarter of 2018.
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