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Slide #36. State Bank Financial Corporation — Atlanta Bancorporation, Inc.
State Bank Financial Corporation (STBZ)
Atlanta Bancorporation, Inc.
State Bank Financial Corporation (Nasdaq:STBZ) and Atlanta Bancorporation, Inc. announced today the signing of a definitive agreement for State Bank Financial to acquire Atlanta Bancorporation and its wholly-owned subsidiary, Bank of Atlanta. Upon closing of the transaction, Atlanta Bancorporation will merge into State Bank Financial, immediately followed by the merger of Bank of Atlanta into State Bank and Trust Company, a wholly-owned subsidiary of State Bank Financial.
State Bank Financial is a bank holding company. Through its subsidiary, State Bank and Trust Company, Co. provides a range of community banking services to individuals and businesses within its markets. Co.'s product lines include loans to small and medium-sized businesses, residential and commercial construction and development loans, commercial real estate loans, farmland and agricultural production loans, residential mortgage loans, home equity loans, consumer loans and a variety of commercial and consumer demand, savings and time deposit products. As of Dec 31 2017, Co. had total assets of $4.96 billion and total deposits of $4.24 billion.
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Buy (2.60 out of 4)
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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