Prattville-headquartered River Financial Corp., the 9th largest Alabama-based bank, has completed the acquisition of Alabama’s 65th largest bank, Trinity Bank, based in Dothan, it was announced on November 1.
Terms of the merger were not disclosed.
To put the size and performances of the two merged banks into context, refer to Business Alabama’s exclusive annual roundup of Alabama bank performances, “Alabama Bank Performances.”
With this addition, River Bank & Trust will have assets of more than $1.3 billion and 17 locations across Alabama, including offices in Alexander City, Auburn, Clanton, Daphne, Dothan, Enterprise, Gadsden, Millbrook, Montgomery, Opelika, Prattville, Thorsby, Wetumpka and a loan office in Mobile. Trinity Bank’s offices in Dothan and Enterprise will continue to operate as part of River Bank & Trust.
“Our expansion into the Wiregrass region will bring a greater network of locations, cutting edge banking technology and a broader array of products and services to Trinity Bank customers,” said Jimmy Stubbs, CEO of River Bank & Trust.
“The culture of our two banks is very similar — superior customer service, employees engaged in our communities and a deep commitment to excellence in everything we do,” said Robbin Thompson, president and CEO of Trinity Bank. “Our team is excited to join the River Bank & Trust family, and we look forward to serving our customers and communities for many years to come.”
Thompson will serve as Wiregrass region president for River Bank & Trust.
As part of the merger, a combination of shares of River Financial common stock and cash was issued to the shareholders of Trinity Bancorp.