Rochelle State Bank’s new owner

Florida based holding group specializing in community banks buys Wilcox based branch

ROCHELLE, GA – After 74 years, Rochelle State Bank has new ownership.

This week, Florida based ST Holdings announced the completion of its buy of the Wilcox County institution.

The bank’s new owners say customers can expect the same personalized service but with new technological upgrades such as mobile banking.

“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.

ST Holdings say they specialize and were formed to invest in community banks such as Rochelle State Bank.