The president of Columbus Bank and Trust Company says it’s "strength in numbers" for his institution’s decision to merge with three other banks in the region. The Columbus Ledger-Enquirer reports this morning the Columbus bank will merge with banks in LaGrange, Warner Robins, and Phenix City. All four institutions are affiliates of the Columbus-based bankholding firm Synovus Financial Corporation.
An approval from regulators is expected by early June. The new merged operation would operate under the name CB&T, with $7.5 billion in assets serving 10 markets.
An approval from regulators is expected by early June. The new merged operation would operate under the name CB&T, with $7.5 billion in assets serving 10 markets.
