Hamilton State Bancshares Closes Acquisition of Highland Commercial Bank
Troutman Sanders was mentioned in a September 1 M&A Navigator article about Hamilton State Bancshares, Inc., a U.S.-based holding company, and its subsidiary, Hamilton State Bank, completing their acquisition of Highland Financial Services Inc., and its subsidiary, Highland Commercial Bank.
The deal was announced in May. Total assets of the combined bank are expected to be over $1.8 billion, with over $1 billion and $1.4 billion in expected loans and deposits, respectively. With the addition of Highland, Hamilton will operate 28 branches throughout North Georgia.
Atlanta partners Tom O. Powell, David Ghegan and Atlanta associate Brad Resweber acted as legal advisers to Highland.