Escambia Co. Bank to merge
Plans to join forces with AmeriFirst Bank
August 20, 2020
Escambia County Bank in Flomaton will become a branch of AmeriFirst following an announcement by USAL Bancorp, Inc., parent company of AmeriFirst Bank of Montgomery and Escambia County Bank that they had entered an agreement and plan of merger.
The transaction, which has been approved unanimously by each company's board of directors remains subject to customary closing conditions, including the approval of Escambia County Bank's shareholders and the receipt of required regulatory approvals.
J.R. Jones, chairman of Escambia County Bank, said it may take up to nine months for the full integra...