Skip to main content

ST Hldgs, Inc. Acquires Rochelle State Bank

Written by Customer Service on . Posted in Mergers And Acquisitions.

The acquisition brings capital, management and technology investments to southern Georgia

ORLANDO, Fla., Sept. 07, 2021 (GLOBE NEWSWIRE) — Orlando, Fla. based ST Hldgs, Inc. today announces the acquisition of Rochelle State Bank effective June 4, 2021. ST Hldgs, Inc. is a bank holding company regulated by the Federal Reserve formed primarily to invest in community banks. Founded in 1947 and based in Rochelle, Ga., Rochelle State Bank is a full-service, state-chartered bank serving the residents of Wilcox County for over 74 years.

“ST Hldgs, Inc. and Rochelle State Bank remain committed to Wilcox County and southern Georgia. As part of this acquisition, we have invested additional capital to bolster the bank’s capital base and are adding seasoned bank management to the leadership team to support our growth objectives,” said Chairman of Rochelle State Bank and ST Hldgs, Inc. Rajib Das.

President and Chief Executive Officer Len Davenport and Executive Vice President Bryan Wilder round out the bank’s new leadership team.

“The additional capital further strengthens Rochelle State Bank’s balance sheet, allowing for more and larger opportunities to serve customers and the community. We take tremendous pride in being a community bank and are making significant investments in technology and local talent to further enhance our customer experience,” said Davenport.

Rochelle State Bank’s standard bank offerings such as checking accounts, savings accounts and agriculture loans will remain along with digital upgrades to the online banking portal for the customer’s ease of use. A new mobile banking option will also soon be available for further customer convenience.  

“We are really excited to bring significant enhancements to the bank’s current product suite and platform while maintaining a close personal touch coupled with exceptional service for our customers,” said Wilder.  

For more information about Rochelle State Bank and its services, visit rochellebank.com.

About Rochelle State Bank
Rochelle State Bank, located in Rochelle, Ga., is a full-service, state-chartered bank founded in 1947 to better serve the financial needs of the people of Wilcox County and southern Georgia. Member FDIC and Equal Housing Lender.

About ST Hldgs, Inc.
ST Hldgs, Inc., based in Orlando, FL is a holding company regulated by the Federal Reserve. It was formed primarily to invest in community banks.

Media Contact
Ericka Rivera
Uproar PR for ST Hldgs, Inc.
erivera@uproarpr.com

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Cookie Notice

We use cookies to improve your experience on our website

Information we collect about your use of Goldea Capital website

Goldea Capital website collects personal data about visitors to its website.

When someone visits our websites, we use a third party service, Google Analytics, to collect standard internet log information (such as IP address and type of browser they’re using) and details of visitor behavior patterns. We do this to allow us to keep track of the number of visitors to the various parts of the sites and understand how our website is used. We do not make any attempt to find out the identities or nature of those visiting our websites. We won’t share your information with any other organizations for marketing, market research or commercial purposes and we don’t pass on your details to other websites.

Use of cookies
Cookies are small text files that are placed on your computer or other device by websites that you visit. They are widely used to make websites work, or work more efficiently, as well as to provide information to the owners of the site.