Deposit Guaranty National Bank announces completion of merger with First Columbus

Business Wire, Nov 11, 1994

JACKSON, Miss.--(BUSINESS WIRE)--November 11, 1994--Deposit Guaranty National Bank completed its merger with First Columbus National Bank at the close of business Nov. 11, announced Deposit Guaranty chairman and chief executive officer E.B. Robinson Jr.

First Columbus Financial Corporation, parent company of First Columbus National Bank, has operated as a subsidiary of Deposit Guaranty Corp. (NASDAQ:DEPS) since May 18, when Deposit Guaranty acquired the company. With the merger completed, First Columbus branches will open Monday, Nov. 14, as Deposit Guaranty branches.

On Monday, customers may use any of the offices in the combined operation to conduct their banking business. In addition, Deposit Guaranty has relocated its Columbus Main Office to the former First Columbus Main Office at the corner of Main and Seventh streets.

Todd Vanderpool, who was named president of First Columbus in May, will become president of the combined Columbus operation of Deposit Guaranty.

"We are pleased that we can now combine the talents and resources of these two organizations and look forward to serving the Columbus market with a unified effort," Vanderpool said.

Deposit Guaranty Corp. is a multi-bank holding company operating in Mississippi and Louisiana with assets of $5.134 billion as of September 30, 1994.

CONTACT: Deposit Guaranty Corporation, Jackson

Pam Kloha, 601/968-4759