Private Bank of Buckhead Sold to Birmingham Company

Private Bank of Buckhead has been sold to National Commerce Corp., a company based in Birmingham, AL.

The Atlanta-based bank will continue to operation as Private Bank of Buckhead, according to the Birmingham Business Journal, but will merge into National Commerce Corp.

Georgia's Private Bancshares has been the holding company for Private Bank of Buckhead. The bank also operates the Private Bank of Decatur and PrivatePlus Mortgage.

When completed, the merger will create a company with about $2 billion in assets.

The acquisition is the latest for National Commerce, which recently purchased two Florida banks.

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