The $972 million-asset Two River did not
disclose the price it will pay Lee Capital for the $239 million-asset Lee
County Bank. The deal is expected to close in the third quarter.
Two Rivers and Lee County “are two organizations
sharing the same customer-centric banking focus and compatible cultures,” Frank
Delaney, Two Rivers’ chairman, said in the release.
Lee County will operate as a wholly owned
subsidiary of Two Rivers.
Shane Zimmerman will serve as Lee County’s
CEO and Michael Culbertson will be the bank’s president.
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