Home » NEWS » Banking & Finance » Community Bancshares acquires Florida holding company

Community Bancshares acquires Florida holding company

BRANDON — Community Bancshares of Mississippi Inc., the holding company for Community Banks throughout the Southeast, has acquired Community Holding Company of Florida Inc. and its subsidiary bank.

Terms were not disclosed.

With the completion of the Florida transaction, Community Bancshares will now operate Florida offices in Miramar Beach and Crestview.

Freddie Bagley, CEO of Community Bancshares, said: “The headlines read daily that banks are cutting back. They are closing branches, reducing their workforce, and streamlining their operations. Fortunately, Community Bancshares has been different and we have positioned our company to take advantage of the growth opportunities, such as this, that exist in the Southeast. We are committed to expanding our banking operations in Florida as a result of this transaction and we look forward to serving those communities.”


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About MBJ Staff

Leave a Reply

Your email address will not be published. Required fields are marked *