We represented FirstBank, a subsidiary of First South Bancorp, Inc., in its acquisition of Northwest Georgia Bank in Ringgold. Northwest Georgia Bank is the 7th largest bank in metro Chattanooga and has assets of $298 million. This acquisition will increase FirstBank’s assets to $2.8 billion and provide four additional branches in two Tennessee counties. The deal closed in the third quarter of 2015.
FirstBank Acquires Northwest Georgia Bank
FirstBank Acquires Northwest Georgia Bank
We represented FirstBank, a subsidiary of First South Bancorp, Inc., in its acquisition of Northwest Georgia Bank in Ringgold. Northwest Georgia Bank is the 7th largest bank in metro Chattanooga and has assets of $298 million. This acquisition will increase FirstBank’s assets to $2.8 billion and provide four additional branches in two Tennessee counties. The deal closed in the third quarter of 2015.