Citizens Bank of Lafayette entered into a definitive agreement to acquire Liberty State Bank (Liberty, TN) from Citizens Bancorp Investment, Inc. and others on August 27, 2013. Under the agreement, Liberty State Bank will be merged with and into Citizens Bank of Lafayette, with Citizens Bank of Lafayette to be the bank to survive the merger. Citizens Bank of Lafayette will continue to operate the current Liberty State Bank branches under the Liberty State Bank name. The combined bank will continue to be headquartered in Lafayette. Liberty State Bank will retain its presence in DeKalb and Wilson counties.

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.

Citizens Bank of Lafayette completed the acquisition of Liberty State Bank (Liberty, TN) from Citizens Bancorp Investment, Inc. and others on December 13, 2013.