Regulatory Alerts2026-03-09
Federal Reserve Board Approves CBS Banc-Corp. Acquisition of TAG Bancshares
The Federal Reserve Board approved CBS Banc-Corp’s acquisition of TAG Bancshares, a Georgia-based savings and loan holding company, through a subsidiary merger that will ultimately integrate TAG’s federal savings bank into CBS’s Alabama-based banking operations. The Board’s determination confirms that the transaction will not significantly adversely affect competition, maintains strong financial and managerial resources in the combined entity, and satisfies Community Reinvestment Act requirements after addressing a public comment on fair lending disparities. Subject to final FDIC approval for the depository institution merger, CBS will consolidate approximately $3.0 billion in assets and retain its position as Alabama’s nineteenth-largest insured depository organization upon consummation.