Commerce Bancorp in Greenwood, Miss., has applied to buy Holmes County Corp. in Lexington, Miss.
The parent of the $983 million-asset Bank of Commerce applied with the Federal Deposit Insurance Corp. on June 5 to acquire the $154 million-asset Holmes County Bank. The deal is expected to close in the fourth quarter. The price wasn’t disclosed.
“Holmes County Bank is the perfect merger partner for Bank of Commerce,” Bryan Thornhill, Commerce’s president and CEO, said in a May press release. “Both companies are long-standing institutions, with a strong tradition of serving our communities. We share the same values of putting people and relationships first and making a positive difference in the lives of our local communities and customers.”