C & S/SOVRAN v. FIRST FED. SAV. BANK

No. S95A1048.

463 S.E.2d 892 (1995)

266 Ga. 104

C & S/SOVRAN CORPORATION et al. v. FIRST FEDERAL SAVINGS BANK OF BRUNSWICK.

Supreme Court of Georgia.

Reconsideration Denied December 19, 1995.


Attorney(s) appearing for the Case

Ben F. Johnson, III, Steven M. Collins, Alston & Bird, Atlanta, James A. Bishop, Law Offices of James A. Bishop, Brunswick, Vickie Cheek Dorsey, Atlanta, G. Conley Ingram, Alston & Bird, Atlanta, for C & S/Sovran Corporation et al.

Kirk M. McAlpin, Jr., Carlton M. Henson, McAlpin & Henson, Atlanta, Terry L. Readdick, Whelchel, Brown, Readdick & Bumgartner, Brunswick, for First Federal Savings Bank of Brunswick.


HINES, Justice.

This litigation stems from a failed bank merger. In April 1988, Citizens and Southern Corporation, Citizens and Southern Georgia Corporation, and Citizens and Southern National Bank (C & S) entered into an Agreement and Plan of Reorganization (Agreement) with First Federal Savings Bank of Brunswick (First Federal). The Agreement provided that First Federal would merge with C & S, and that First Federal shareholders would receive a certain number...

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