State Bank and Trust announces merger

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ATLANTA — State Bank Financial Corporation, the holding company for State Bank and Trust, has acquired Georgia-Carolina Bancshares, the holding company for First Bank of Georgia.

The $82 million or $22.35 per share transaction was in cash and stock.

The agreement is anticipated to close in the first quarter of 2015.

State Bank and Trust has locations in metro Atlanta, including Alpharetta and middle Georgia.

First Bank of Georgia is headquartered in Augusta and operates seven banking offices in the Augusta metropolitan area.

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