Morris Bank announced Monday that it has acquired nearly $65 million in deposits, loans and other assets from CertusBank, including Certus’ Warner Robins branch office.
“We welcome Certus’ customers and Warner Robins-based employees to the Morris Bank family,” CEO and President Spence Mullis said in a statement. “We’ve served customers in the Houston County market for the past several years and look forward to expanding our relationships with not only current Morris and Certus customers, but all of Houston County.”
The agreement calls for CertusBank, based in South Carolina, to sell about $61.8 million in customer deposits and about $2.9 million in loans and other assets, including the branch office, to Morris Bank.
Consummation of the transaction is subject to customary closing conditions and is expected to be completed in the third quarter of 2015.
Morris Bank already has branches in Dublin, Gordon and Gray. For more information, go to www.morrisbank.net.