TUPELO, Miss. (WTVA) -- Community Bancshares of Mississippi, Inc., the holding company for Community Banks throughout the Southeast, is proud to announce their acquisition of Community Holding Company of Florida, Inc. and its subsidiary bank.
With the completion of the Florida transaction, Community Bancshares will now operate offices located at 12590 Emerald Coast Parkway in Miramar Beach, FL and 398 North Main Street in Crestview, FL.
Commenting on the transaction, Freddie Bagley, CEO of Community Bancshares of Mississippi, Inc.said, "The
headlines read daily that banks are cutting back. They are closing branches, reducing their workforce, and streamlining their operations. Fortunately, Community Bancshares has been different and we have positioned our company to
take advantage of the growth opportunities, such as this, that exist in the Southeast. We are committed to expanding our banking operations in Florida as a result of this transaction and we look forward to serving those communities."
Community Bancshares of Mississippi, Inc., the holding company for Community Banks across the Southeast, is one of the South's fastest-growing financial institutions.
Community Bancshares is a $2.3 billion multi-bank holding company consisting of six banks in Mississippi, Tennessee,
Florida, and Alabama. Community Bank has 38 offices and more than 650 staff members.