Federal Reserve Approves CBS Banc-Corp. Acquisition

The Federal Reserve Board announced its approval of a notice filed by CBS Banc-Corp., based in Russellville, Alabama. The approval allows CBS Banc-Corp. to acquire TAG Bancshares Inc., and consequently, its subsidiary Citizens Bank & Trust, Inc., located in Trenton, Georgia. This is a routine regulatory action concerning bank holding company acquisitions.

This approval signifies that the Federal Reserve has reviewed and found no objections to the proposed acquisition under the Bank Holding Company Act. For CBS Banc-Corp. and its stakeholders, this marks a significant step in their expansion strategy. No immediate compliance actions are required for other entities, as this is a specific approval for the named parties.