officer, State Bank & Trust Company, and Craig Robinson, president and
CEO, Consumer National Bank, announced today that their merger plans
have received full regulatory approval.
"We are working hand-in-hand daily with the officers and staff of CNB.
This merger shall mark the beginning of a new era in banking history for
this area. Together, we shall provide the quality of banking service and
responsiveness not seen here in decades," said Neville.
By June 1, signage at all Consumer National Bank locations will be
changed to State Bank & Trust Company. The merger will give State Bank &
Trust Company seven banking locations in the metro-Jackson area in
addition to their corporate headquarters located on Highland Colony
Parkway in Ridgeland. Additional locations, currently on the drawing
board, shall be announced shortly.
"It doesn't really mean anything if you have a branch bank on every
corner in town if no one inside has decision making authority. I assure
you that after our merger, this community will discover that a huge void
in local financial services has just been filled," Robinson said.
Upon completion of the merger, the combined assets of State Bank & Trust
Company shall be approximately $850 million. In addition to its 25
Mississippi locations, State Bank has six locations in Louisiana from
Covington to Baton Rouge and will open additional branches Mandeville
and Hammond within the next month.
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Press Contact: Willis Brumfield
Company Name: State Bank & Trust Company
Email: email protected from spam bots
Phone: 601-605-3543
Website: www.statebank1898.com
AndhraNews.net News for May 15, 2006