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

Anchor Bank has completed the acquisition of Community Bank & Trust - West Georgia, a banking business in Georgia, for $97 million. Anchor Bank acquires Community Bank & Trust - West Georgia deposits and assumes substantially all insured deposits as part of a financial services M&A divestiture acquisition. Community Bank & Trust - West Georgia operated three branches in LaGrange, Georgia, serving retail banking customers with deposit and loan products. The strategic acquisition is a FL acquisitions and strategic acquisition by a strategic buyer, with the FDIC acting as receiver and Anchor Bank expected to reopen branches as Anchor Bank locations. The deal closed in 2026 under a banking acquisition framework tied to prior Federal Reserve enforcement actions, with the Deposit Insurance Fund projected to bear about $97 million in losses.