Select Bank makes acquisition
Published 12:28 am Wednesday, January 25, 2012
Select Bank & Trust Company has completed the acquisition of the Gibsonville Community Bank office from its owner, Bank of Atlanta, announced Mark A. Holmes, president and CEO of Select.
The former Gibsonville Community Bank office will open Feb. 17 as Select’s fifth financial center. All former Gibsonville Community Bank employees have joined the Select team along with Gibsonville resident Don A. Jennings, formerly president and CEO of VantageSouth Bank and Morris Plan Bank, Burlington, N.C.
“This area, in North Carolina’s Triad region, presents a great opportunity for the expansion of Select,” said Holmes in a press release. “Knowing the potential of this market and having the opportunity to start with an existing operation is a better option for us, our customers — including former Gibsonville Community Bank customers — than opening a de novo office.”
“Select opened for business seven years ago with a promise to bring a ‘common sense approach to banking’ to Greenville/Pitt County,” he said in a press release. “We took this same approach to Elizabeth City/northeastern N.C. in 2009 and to Washington/Beaufort County, N.C., earlier this year. We look forward to sharing this philosophy with former Gibsonville Community Bank customers and the community.”