Community Bank and Trust West Georgia Acquired by Anchor Bank | Financial Services M&A Deal

Anchor Bank has completed the acquisition of Community Bank and Trust West Georgia, a banking business in Georgia, for $288 million. Community Bank and Trust West Georgia operated in LaGrange, Georgia, with $268 million in deposits as of Dec. 31, 2025, serving local retail and commercial customers. Anchor Bank acquisitions in financial services M&A were structured as a divestiture acquisition, assuming substantially all insured deposits and acquiring certain assets after regulators closed the failed bank and appointed the FDIC as receiver. The strategic acquisition is a strategic acquisition by a strategic buyer, with the FDIC estimating a $97 million cost to its Deposit Insurance Fund and about $27 million of deposits exceeding insurance limits.