Community South Bank closes - WSMV Channel 4

Community South Bank closes

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Community South Bank is no more. The state shutdown the Parsons-based bank Saturday.

CB&S Bank based in Alabama acquired all 15 branches of the bank.

CB&S Bank President Dennis Upchurch says the owners of Community South Bank were good bankers, but like 19 other FDIC insured banks that have recently failed, the economy caught up with them.

Community South Bank provided banking services to thousands of customers throughout the state and has been existence since 1968.

Upchuch adds that representatives from CB&S will be at each of the branches in the coming days to ease customers' concerns.

Following the acquisition, Upchurch says he'll look to expands operations in throughout Tennessee.

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