Russellville-headquartered CBS Banc-Corp., parent of CB&S Bank Inc., has completed its acquisition of Trenton, Georgia-headquartered TAG Bancshares Inc., parent of Citizens Bank & Trust Inc.
Full conversion and integration of Citizens Bank & Trust into CBS’ operations is expected to be complete in the fall of this year.
Citizens Bank & Trust was founded in 1988, serving customers in northwest Georgia and northeast Alabama. According to a CB&S release on the merger from November 2025, when the acquisition was announced, Citizens had total assets of approximately $128 million as of September 30, 2025.
At the time of the announcement, CBS President and CEO Mike Ross said, “This partnership represents a natural extension of our growth strategy and a shared commitment towards finding ways to continuously support and strengthen our local communities.”
CB&S Bank was founded in 1906 and has locations in Alabama, Georgia, Mississippi and Tennessee. Once the integration is complete, it will operate more than 50 offices, with approximately $3 billion in assets.
Keefe, Bruyette & Woods, A Stifel Company, served as financial adviser and Jones Walker LLP served as legal counsel to CBS. TAG was advised by Olsen Palmer LLC, serving as financial adviser, and Troutman Pepper Locke LLP as legal counsel.
