Again, the bank’s commitment to expanding to support the growth of its customers, was reinforced through its most recent acquisition of approximately 5,000 new customer relationships from another financial institution to support the citizens in that community. Well-executed, the strategic purchase strengthened the Bank’s market footprint and afforded the Bank meaningful growth. More importantly it provided the opportunity to deepen relationships, while adding value and a trusted partnership to the bank’s new customers.
The Company became private to further enhance the value for its shareholders.