Capital City Bank Group, Inc. closed on its acquisition of Strategic Wealth Group in Valdosta, Georgia, creating Capital City Strategic Wealth, the company said in a statement.
The newly formed subsidiary will offer insurance planning, risk management, asset protection and estate planning services, along with investment advisory.
According to Capital City Bank Group, the acquisition reflects a deliberate effort to expand existing products and service areas to deliver the highest quality wealth management services. in the Southeast.
“Capital City has always been an acquisitive company seeking strategic ways to expand our product offerings and footprint while diversifying revenue streams and returning value to our shareowners,” said William G. Smith, Jr., chairman, president and chief executive officer of CCBG, in a statement.
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Capital City Bank Group, Inc. Acquires Strategic Wealth Group, LLC
Capital City Bank GroupMay 4, 2021 GMT
TALLAHASSEE, Fla., May 03, 2021 (GLOBE NEWSWIRE) Capital City Bank Group, Inc. (NASDAQ: CCBG) today announced the closing of its acquisition, on April 30, 2021, of substantially all of the assets of Strategic Wealth Group, LLC. A newly formed subsidiary of CCBG, Inc., Capital City Strategic Wealth, LLC (CCSW), acquired the wealth management business and will offer insurance planning, risk management and asset protection services. In addition, CCSW will offer investment advisory and estate planning services through LPL Financial. The acquisition reflects a deliberate effort to expand existing product offerings and service areas to deliver the highest quality wealth management services and risk management expertise to clients throughout the Southeast.
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Capital City Bank Group, Inc. Announces Cash Dividend
Capital City Bank GroupFebruary 25, 2021 GMT
TALLAHASSEE, Fla., Feb. 25, 2021 (GLOBE NEWSWIRE) The Board of Directors of Capital City Bank Group, Inc. (NASDAQ: CCBG) declared a quarterly cash dividend on its common stock of $.15 per share. The dividend produces an annualized rate of $.60 per common share and is payable on March 22 to shareowners of record as of March 8, 2021. The annualized dividend yield is 2.31% based on a closing stock price of $26.01 on February 24, 2021.
About Capital City Bank Group, Inc.
Quarterly Results
Earnings per share decreased 9.80% year over year to $0.46, which missed the estimate of $0.50.
Revenue of $55,496,000 up by 38.46% from the same period last year, which missed the estimate of $55,890,000.
Looking Ahead
Capital City Bank Group hasn t issued any revenue guidance for the time being.
Price Action
52-week low: $15.61
Company Description
Capital City Bank Group Inc is the United States-based group primarily engaged in Banking services, Trust and asset management services, and Brokerage services. It offers retail and commercial banking business in the form of traditional deposit and credit services, asset management, trust, mortgage banking, merchant services, bank cards, data processing, and securities brokerage services among others through its banking offices in Florida, Georgia, and Alabama.