CoastalSouth Bancshares Acquires Cornerstone Bancshares
April 23, 2021
CoastalSouth Bancshares, parent of Coastal States Bank, completed the acquisition of Cornerstone Bancshares, the parent of Cornerstone Bank, expanding Coastal States Bank's presence in the Atlanta metropolitan area. The deal increases CSB's deposit footprint in Atlanta to over $550 million and brings Cornerstone's three Atlanta branches and client base into CSB's community banking platform.
- Buyers
- CoastalSouth Bancshares, Inc.
- Targets
- Cornerstone Bancshares, Inc.
- Industry
- Financial Services
- Location
- Georgia, United States
- Transaction Type
- Buyout
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