Community First Bancorporation, along with its subsidiary Community First Bank, is focused on safe and sound relationship banking in the Tennessee, North Carolina, and South Carolina markets, which encompass some of the nation's fastest-growing markets. It offers a wide range of banking products and services to its customers.

https://www.c1stbank.com/

Seneca

Community First Bancorporation

Dogwood State Bank is a North Carolina state-chartered community bank headquartered in Raleigh with approximately $1.4 billion in total assets. The organization provides a wide range of banking products and services through its online offerings.

https://www.dogwoodstatebank.com/

Raleigh

Dogwood State Bank

Dogwood State Bank (OTC: DSBX) has reached a definitive merger agreement to acquire Community First Bancorporation (OTC: CFOK) and its subsidiary, Community First Bank, in an all-stock merger. This strategic combination enhances Dogwood's liquidity and funding while solidifying its position in high growth markets, particularly in the Upstate of South Carolina. The pro forma company will have total assets of $2.2 billion, total deposits of $1.8 billion, and net loans of $1.7 billion, and the transaction is expected to be over 65% accretive to Dogwood's earnings on a per-share basis in 2025.

Dogwood State Bank to Acquire Community First Bancorporation

Dogwood State Bank to Acquire Community First Bancorporation

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