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First Bank of Alabama and Bank of Wedowee to Combine Banking Operations
May 25, 2017
Talladega, AL— FirstBanc of Alabama, Inc. (“FirstBanc”) and Swann Bancshares, Inc. announced today the signing of a definitive agreement for FirstBanc, the parent company of First Bank of Alabama, to acquire Swann Bancshares, Inc. and its wholly-owned subsidiary, Bank of Wedowee, in an all-cash transaction. The transaction has been approved by the board of directors of both companies and is expected to close in the 4th quarter of 2017, subject to customary conditions, including
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