Community First Credit Union of Florida, a state-chartered credit union with 24 locations, has entered into an agreement to acquire all of Georgia-based First Southern Bank’s assets and liabilities.
First Southern Bank operates seven branch locations and offers a full range of banking and lending products. Its purchase will expand Community First’s presence in Southeast Georgia and Florida and its commercial and small business offerings.
“First Southern Bank customers will continue to see their trusted familiar banker at each location,” Daniel Hager, First Southern Bank and FSBH chairman and CEO, said. “The newly combined institution will have the ability to offer highly personalized financial services, which will enable us the financial capabilities to support further expansion. We clearly see the benefits for our customers, and look forward to joining the Community First team.”
The deal is expected to close during the second or third quarter of 2026, subject to regulatory approvals, FSBH shareholder approval and other customary closing conditions.
Once the deal closes, Community First will have 31 branches in Georgia and Florida, $2.9 billion in member shares and deposits, approximately $3.3 billion in assets, and $2.5 billion in loans.
FSBH Corp. is the holding company for First Southern Bank.