Atlantic Southern Financial Group, Inc. Announces Completion of Merger
December 03 2007 - 5:46PM
PR Newswire (US)
MACON, Ga., Dec. 3 /PRNewswire-FirstCall/ -- Atlantic Southern
Financial Group, Inc. (NASDAQ:ASFN) and its subsidiary, Atlantic
Southern Bank, announced today the completion of the merger in
which CenterState Mid Florida merged with and into Atlantic
Southern Bank. In August, Atlantic Southern announced its
intentions to purchase the charter of CenterState Bank of Mid
Florida, a subsidiary of CenterState Banks of Florida, Inc. At that
time Stevens stated, "Buying the charter was a quick and economical
way to branch into Florida." Atlantic Southern established its
first Florida branch at 13474 Atlantic Boulevard, Jacksonville,
Florida. "The move fits with our overall strategy of increasing
deposits in addition to increasing shareholder value", said
President and CEO Mark Stevens. Atlantic Southern has total assets
of approximately $840 million. About Atlantic Southern Financial
Group, Inc. and Atlantic Southern Bank With headquarters in Macon,
Georgia, Atlantic Southern Financial Group, Inc. operates nine
banking locations in the middle Georgia markets of Macon and Warner
Robins, six locations in the coastal markets of Savannah, Darien,
Brunswick and St. Simons Island, Georgia, one location in
Jacksonville, Florida, and a loan production office in Valdosta,
Georgia. The Company specializes in commercial real estate and
small business lending. Safe Harbor This news release contains
forward-looking statements, as defined by Federal Securities Laws,
including statements about financial outlook and business
environment. These statements are provided to assist in the
understanding of a future financial performance and such
performance involves risks and uncertainties that may cause actual
results to differ materially from those in such statements. Any
such statements are based on current expectations and involve a
number of risks and uncertainties. For a discussion of factors that
may cause such forward-looking statements to differ materially from
actual results, please refer to the section entitled "Forward-
Looking Statements" in Atlantic Southern Financial Group, Inc.'s
annual report filed on Form 10-K with the Securities and Exchange
Commission. DATASOURCE: Atlantic Southern Financial Group, Inc.
CONTACT: Mark Stevens, President and CEO, or Carol Soto, Executive
Vice President and CFO, +1-478-757-8181, both of Atlantic Southern
Financial Group, Inc. Web site:
http://www.atlanticsouthernbank.com/
Copyright
Atlantic Southern Financial Grp., Inc. (MM) (NASDAQ:ASFN)
Historical Stock Chart
From Sep 2024 to Oct 2024
Atlantic Southern Financial Grp., Inc. (MM) (NASDAQ:ASFN)
Historical Stock Chart
From Oct 2023 to Oct 2024