Capstone Bank buys Pelham branch of CapitalSouth

Published 11:08 am Tuesday, June 2, 2009

Capstone Bank of Tuscaloosa is buying the CapitalSouth Bank branch located in Pelham.

Capstone Bank is headquartered in Tuscaloosa with seven branches located in Tuscaloosa, Clarke and Washington counties.

CapitalSouth Bank is headquartered in Birmingham with branches in Birmingham, Huntsville, Montgomery and Jacksonville, Fla.

J. Daniel Sizemore, chairman and chief executive officer of Capstone Bank, said, “We are excited about this opportunity to serve the Pelham and Birmingham communities in addition to our Tuscaloosa and Washington-Clarke County markets. Capstone is a community bank committed to quick local decisions, the most innovative products, and a high level of personal customer service. Our strong capital base will allow us to grow with the markets we serve.”

John Bentley, Chief Executive Officer of CapitalSouth Bank said, “The sale of CapitalSouth Bank’s Pelham Branch was in the best interest of the shareholders of CapitalSouth Bancorp. Our customers will continue to receive the excellent service they expect both throughout and after the transition.”