PASCAGOULA, Miss. (AP) -- A southeast Mississippi bank is moving into Alabama.
Merchants & Marine Bank of Pascagoula has bought Heritage First Bank branches in Gulf Shores and Crossville from Heritage First Bancshares Inc. of Rome, Ga.
The Mississippi Press reports (http://bit.ly/rpb1wE ) that Wednesday's sale does not include assets in Georgia. Merchants & Marine says it plans to keep all active employees at both Alabama locations.
Neither bank disclosed details about the purchase, which must be approved by state and federal regulators.