Pinnacle to buy Independence bank of Georgia - Gainesville Times

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Pinnacle to buy Independence bank of Georgia

Terry C. Evans, president and CEO of Independence Bank of Georgia, will have a leadership position within Pinnacle Financial Corporation when Independence merges with Pinnacle. Evans will have the primary responsibility of overseeing the communities currently served by Independence. - photo by Erin O. Smith

0702MERGER 0002 — Terry C. Evans, president and CEO of Independence Bank of Georgia, will have a leadership position within Pinnacle Financial Corporation when Independence merges with Pinnacle. Evans will have the primary responsibility of overseeing the communities currently served by Independence. - photo by Erin O. Smith

Pinnacle Financial Corp., parent holding company of Pinnacle Bank, will buy Independence Bank of Georgia, which has offices in Gainesville and Braselton, for $32.8 million. The two companies announced signing a merger agreement Friday. The purchase is a 100 percent cash transaction.