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April 8, 2022
Nelson Mullins Represented Lowndes Bancshares, Inc., in Acquisition of The Citizens National Bank of Quitman
Nelson Mullins’ partner Robert Klingler represented Lowndes Bancshares, Inc., the parent holding company of Commercial Banking Company, in its acquisition of The Citizens National Bank of Quitman.
The Citizens National Bank of Quitman is a full-service financial institution that as of December 31, reports $126 million of total assets and $110 million of total deposits. They operate 5 branches in Valdosta, Hahira, Tifton, and Moultrie. As of December 31, CBC Bank reports $355 million in total assets and $318 million in total deposits.
The Citizens National Bank of Quitman will keep its name and current office space, operating as a wholly owned subsidiary of Lowndes Bancshares.
Robert Klingler, partner in Nelson Mullins Atlanta office, led the deal with assistance from Samer Roshdy, associate in Atlanta.
Professional in the News
Media Contact
Caroline Balchunas
T 843.534.4121
caroline.balchunas@nelsonmullins.com
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