Morris Bank Acquires Warner Robins CertusBank Branch
Staff Report From Middle Georgia CEO
Tuesday, June 2nd, 2015
Morris Bank announced that the Bank has entered into a definitive agreement with CertusBank, a South Carolina-based national bank, pursuant to which the Bank has agreed to purchase and Certus has agreed to sell, approximately $61.8 million in customer deposits, approximately $2.9 million in loans and other assets, including Certus’s Warner Robins branch office.
Morris Bank President and CEO Spence Mullis said, “We welcome Certus’s customers and Warner Robins-based employees to the Morris Bank family. 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. We believe when high-touch community banking is joined with local, quick decisions, customers benefit.”
Len Davenport, recently named President and Chief Executive Officer of Certus, said, “I’d like to thank our Warner Robins customers who have entrusted us with their banking relationship. Our teammates have worked to provide the highest levels of service to you each and every day. As they make the transition to Morris, you can expect nothing less.”
The consummation of the transaction is subject to customary closing conditions, including receipt of all necessary regulatory approvals, and is expected to be completed in the third quarter of 2015.