Community & Southern Holdings, Inc. Announces Agreement to Acquire Community Business Bank

Community & Southern Holdings, Inc. (C&S Holdings) announced today that it has entered into a definitive agreement and plan of merger to acquire Community Business Bank (CBB). CBB was organized on January 22, 2008 and has two banking locations along the Georgia 400 corridor in Cumming, Ga.

“We are pleased to announce the acquisition of Community Business Bank,” said Pat Frawley, Chief Executive Officer of C&S Holdings and its wholly-owned subsidiary, Community & Southern Bank (CSB). “This acquisition will significantly expand our presence in Forsyth County and position Community & Southern Bank for future growth in one of the fastest growing markets in Georgia. We are excited about the leadership, experience and market knowledge that Carter Barrett and his team bring to Community & Southern. Carter and the entire CBB team share our commitment to serving our clients and our communities and we are excited to welcome them to the Community & Southern family. As we celebrate our bank’s fifth anniversary this week, I can’t think of a better way to commemorate this achievement than through a merger with Community Business Bank.”

J. Carter Barrett, President & Chief Executive Officer of Community Business Bank, stated, “This partnership is the culmination of many years of dedicated focus and commitment to serve the financial needs of local businesses in the Georgia 400 Corridor. Our primary objective has always been to help our clients prosper and this partnership will aid in fulfilling that objective. Our clients, team members and the businesses we serve will all benefit from being part of one of the strongest and most well capitalized financial institutions in Georgia. CBB customers can continue to expect the same quality of friendly customer service they have enjoyed since we began this journey back in 2008.”

Completion of the transaction is subject to certain closing conditions, including customary regulatory approvals and the approval by CBB shareholders.

CBB was advised by the investment banking firm of Banks Street Partners, LLC and the law firm of Womble Carlyle Sandridge & Rice, LLP. C&S Holdings was advised by the investment banking firm of Sandler O’Neill & Partners, L.P. and represented by the law firm of Alston & Bird, LLP.

About Community & Southern Bank

Community & Southern Bank (CSB) is one of Georgia’s most well capitalized banks. CSB operates 41 branches in Metro Atlanta and across Georgia’s northern, eastern and western counties and has more than $3.4 billion in assets. CSB’s core purpose is “to passionately invest in our team members, our clients and our communities every day.”

To learn more about Community & Southern Bank, visit www.mycsbonline.com.