Five Star Credit Union Agrees to Acquire Farmers State Bank
Atlanta partner James Stevens was mentioned in a February 19 SNL article about Dothan, Alabama-based Five Star Credit Union agreeing to acquire Lumpkin, Georgia-based Farmers State Bank for an undisclosed amount. Under the purchase and assumption agreement, the credit union will acquire all of the deposits and other liabilities of the bank. Five Star currently has 29,000 members in 16 counties with four branch offices in southeast Alabama and nine branch offices in south Georgia.
James was legal counsel for Farmers State Bank.