The Bank Slate

INSIGHTS INTO THE BANKING INDUSTRY

Lowndes Bancshares in Ga. buys FMB Bancshares

Lowndes Bancshares in Valdosta, Ga., has acquired FMB Bancshares in Lakeland, Ga.

The deal was disclosed by Performance Trust Capital Partners, which advised FMB. The price wasn’t disclosed.

Farmers & Merchants Bank, FMB’s $695 million-asset bank, will continue to operate as a separate bank. Lowndes is the holding company for the $355 million-asset Commercial Banking Co. and the $120 million-asset Citizens National Bank of Quitman.

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