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Stock Market & Financial Investment News

News Breaks
April 28, 2014
08:38 EDTSTBZState Bank Financial to acquire Atlanta Bancorporation
State Bank Financial and Atlanta Bancorporation announced the signing of a definitive agreement for State Bank Financial to acquire Atlanta Bancorporation and its wholly-owned subsidiary, Bank of Atlanta. Upon closing of the transaction, Atlanta Bancorporation will merge into State Bank Financial, immediately followed by the merger of Bank of Atlanta into State Bank and Trust Company, a wholly-owned subsidiary of State Bank Financial. At March 31, Bank of Atlanta had approximately $198M of total assets, $123M of loans and $161M of deposits. Bank of Atlanta is headquartered in midtown Atlanta and operates one additional banking office in Duluth, Georgia.
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March 17, 2015
17:12 EDTSTBZState Bank Financial to repurchase up to one million shares of its common stock
State Bank Financial announced that on March 12 it entered into a written trading plan with a broker for the purpose of repurchasing up to one million shares of its common stock in accordance with the guidelines specified in Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.

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