State Bank Financial Corporation announced today the completion of its merger with Atlanta Bancorporation, Inc., for $25.2 million in cash. Simultaneous with the closing of the merger, Bank of Atlanta, a wholly-owned subsidiary of Atlanta Bancorporation, merged into State Bank and Trust Company, a wholly-owned subsidiary of State Bank Financial.

At June 30, 2014, Bank of Atlanta had approximately $195 million of total assets, $121 million of loans and $157 million of deposits. The conversion of Bank of Atlanta's systems into State Bank's existing systems is expected to be completed in December 2014.

"We are pleased to welcome our new clients and team members to State Bank and are excited by how this merger enhances our growth potential in metro Atlanta," said State Bank Financial Chairman and CEO Joe Evans.