Capital City Bank Group, Inc. closed on its acquisition of Strategic Wealth Group in Valdosta, Georgia, creating Capital City Strategic Wealth, the company said in a statement.
The newly formed subsidiary will offer insurance planning, risk management, asset protection and estate planning services, along with investment advisory.
According to Capital City Bank Group, the acquisition reflects a deliberate effort to expand existing products and service areas to deliver the highest quality wealth management services. in the Southeast.
“Capital City has always been an acquisitive company seeking strategic ways to expand our product offerings and footprint while diversifying revenue streams and returning value to our shareowners,” said William G. Smith, Jr., chairman, president and chief executive officer of CCBG, in a statement.
Capital City expands to offer wealth management
“We are proud to add an established team of advisors to the Capital City family along with the expanded insurance and risk-management services they bring.”
The acquisition adds to Capital City Bank’s 57 full-service branches in Alabama, Georgia and Florida with five wealth management offices in Albany, Colquitt, Moultrie, Pelham and Valdosta, Ga.
William Moor, Jr., president of Capital City Investments and Capital City Trust Company, will oversee Capital City Strategic Wealth. The financial terms of the transaction were not disclosed.
Capital City Bank in the news:
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