Press Release March 25, 2024

Alston & Bird Represents Investor Group in Acquisition of Community Bank & Trust – Alabama

Alston & Bird represented an investor group in its acquisition of Community Bank & Trust – Alabama and post-acquisition rebranding as LifeSteps Bank & Trust. This deal included raising over $14 million through a Regulation D offering and related stock purchase of Community Bank and Trust – Alabama. The transaction required the coordination and approval of multiple bank regulators and that the parties obtain a waiver of an FDIC-imposed cross-guarantee.

Representing the investor group was an Alston & Bird team led by partners Patrick Hanchey and Mark Kanaly, senior associate J.P. Mahoney, and associate Stephan Harris (Financial Services).

Media Contact
Alex Wolfe
Communications Director

This website uses cookies to improve functionality and performance. For more information, see our Privacy Statement. Additional details for California consumers can be found here.