M&A Advisory
K&L Gates
Full Credential Description
Bancshares of Ripley, Inc., the parent company of Bank of Ripley, faced the challenge of expanding its banking franchise and enhancing its service offerings to its customers. To address this, K&L Gates LLP facilitated a merger with Security Bancshares, Inc., the parent company of Security Bank and Trust Company. This strategic merger, completed in December 2024, aimed to strengthen Security Bank's presence in West Tennessee and improve the range of products and available to the legacy Bank of Ripley customers. As a result of the merger, Security Bank now operates in six Tennessee counties and Fulton County, Kentucky, through a network of 16 office locations. This expansion not only broadens the geographical reach of the bank but also enhances customer access to a wider array of banking , thereby positioning Security Bank for future growth and increased market competitiveness.