Fed Approves CBS Banc-Corp Acquisition of TAG Bancshares

The Federal Reserve Board gave the green light for the Alabama-based bank to acquire a Georgia-based bank holding company.

Mar. 10, 2026 at 7:48am

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The Federal Reserve Board has approved a notice by CBS Banc-Corp., based in Russellville, Alabama, to acquire TAG Bancshares Inc. and indirectly acquire its subsidiary, Citizens Bank & Trust, Inc., both located in Trenton, Georgia.

Why it matters

This acquisition will allow CBS Banc-Corp. to expand its banking operations and customer base in the Southeast region, strengthening its competitive position in the market.

The details

The Federal Reserve Board's approval allows CBS Banc-Corp., a bank holding company, to acquire TAG Bancshares Inc., the parent company of Citizens Bank & Trust, Inc. This will enable CBS Banc-Corp. to grow its banking business and services in Georgia.

  • The Federal Reserve Board announced its approval on March 10, 2026.

The players

CBS Banc-Corp.

A bank holding company based in Russellville, Alabama.

TAG Bancshares Inc.

A bank holding company based in Trenton, Georgia, and the parent company of Citizens Bank & Trust, Inc.

Citizens Bank & Trust, Inc.

A bank subsidiary of TAG Bancshares Inc., located in Trenton, Georgia.

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The takeaway

This acquisition allows CBS Banc-Corp. to expand its banking operations and customer base in the Southeast region, strengthening its competitive position in the market.