Drummond Banking Company Completes Acquisition of PSB BancGroup, Inc.

January 4, 2019 - 2 min read

Status: Closed Lead Advisor: Craig Mancinotti   Drummond Banking Company completed its acquisition of PSB BancGroup, Inc. and its subsidiary, Peoples State Bank, Lake City, Florida, on January 1, 2019.  The financial terms of the transaction were not disclosed. Drummond already has locations in Marion, Alachua, Levy, Citrus, Lafayette, Columbia, Dixie and Gilchrist counties. With the addition of Peoples State…

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