Edmonton State Bank to buy Sumner Bank and Trust

Edmonton Bancshares in Edmonton, Kentucky—parent of Edmonton State Bank—has agreed to buy Sumner Bank and Trust in Gallatin, Tennessee. Edmonton said in a statement that it would pay $26.82 a share for the $234 million-asset Sumner. The deal is expected to close in the fourth quarter.

M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.