Southern Bank acquires Bank of Commonwealth
By Steve Herring
Published in News on October 3, 2011 1:46 PM
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News-Argus/STEVE HERRING
A Southern Bank customer leaves the bank's Mount Olive main office. Bank officials say they expect the merger to go smoothly.
MOUNT OLIVE -- Southern Bank and Trust Co.'s acquisition of the 21-branch Bank of the Commonwealth of Norfolk, Va., nearly doubled the bank's assets to $2 billion, while giving it a foothold in the populous Tidewater region of Virginia. "This...
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