Citizens Bank of Lafayette entered into a definitive agreement to acquire Liberty State Bank (Liberty, TN) from Citizens Bancorp Investment, Inc. and others.
The definitive agreement for the merger was unanimously approved by the board of directors of each of Citizens Bancorp Investment, Inc., Citizens Bank of Lafayette, and Liberty State Bank. The merger of the banks is subject to receipt of all required approvals from regulatory authorities and the approval of the definitive agreement by the shareholders of Liberty State Bank. The merger is expected to be completed prior to the end of 2013.