Bank of Franklin in Meadville, Miss., has agreed to buy a branch from BankPlus in Belzoni, Miss.
The $249.5 million-asset Bank of Franklin plans to buy a branch in McComb, Miss. The price wasn’t disclosed.
The branch had $63.5 million of deposits on June 30, representing about 7.6% of McComb’s overall deposits, according to data from the Federal Deposit Insurance Corp.
“We are thrilled to welcome the customers of BankPlus in McComb to the Bank of Franklin family,” Bradley Jones, Bank of Franklin’s president and CEO, said in an Instagram post. “We look forward to building lasting relationships and providing the same personalized service and community-focused banking experience that has defined our institution for decades.”