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Georgia once was known as the state hit with the most bank failures. Renasant's agreement to buy Heritage Financial in Albany, Ga., is the latest of several deals where buyers have paid strong premiums to enter or expand in the state.
December 11 -
Entregra Financial in Franklin, N.C., has filed to sell nearly $50 million in common stock as part of it planned conversion to a stock company.
March 19 -
A recent research paper found that community banks' assets, along with market share in most types of commercial lending, have fallen since the Dodd-Frank Act was passed. The report is giving advocates of smaller institutions more data to rally around.
February 13 -
Union First Market Bankshares (UBSH) in Richmond, Va., reported in a dip in quarterly profit because of costs tied to its purchase of StellarOne in Charlottesville, Va.
April 22
Union Bankshares in Richmond, Va., and Entegra Financial in Franklin, N.C., are rebranding their banks.
The $904 million-asset Entegra said last week that it will rebrand its Macon Bank as Entegra Bank by the end of September.
"We concluded that, as we continue to grow, the Entegra Bank name would best allow us to serve new markets, in addition to promoting the values of integrity and trust that the bank was built upon," Roger Plemens, Entegra Financial's president and chief executive, said in a press release. "The Entegra Bank name will also better align the bank with our holding company name."
The bank's previous name harkens back to its roots in Macon County, N.C., where it was founded in 1922. The bank has 11 branches and a loan production office.
The $7.2 billion-asset Union Bankshares said it would revive the Union Bank & Trust name that it used before the 2009 merger of Union Bancshares and First Market Bank. Union Bank has 131 branches and more than 200 ATMs in Virginia.
Union Bankshares adopted its current name last April, shortening its branding from Union First Market Bankshares. The company
