State Bank Financial Corporation, the holding company for State Bank and Trust Company, has completed its mergers with Athens-based NBG Bancorp, Inc. and S Bankshares, Inc.
NBG operated National Bank of Georgia branches in Athens and Gainesville.
“We are pleased to welcome our new clients and team members from The National Bank of Georgia and S Bank,” said State Bank CEO Tom Wiley. “These mergers provide for the expansion of our statewide footprint with entry into the very attractive markets of Athens, Gainesville, and Savannah. With these transactions completed, we have crossed over $4 billion in total assets and have banking offices in seven of the eight largest markets in Georgia.”
The conversion of The National Bank of Georgia’s and S Bank’s operating systems into State Bank’s existing operating system is expected to be completed in early February 2017.
State Bank operates 31 full-service banking offices in Atlanta, Middle Georgia, Augusta, Athens, Gainesville, and Savannah, and eight mortgage origination offices throughout Georgia. To learn more about State Bank, visit www.statebt.com.