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Company Description (as filed with the SEC)
On March 18, 2014, Poage Bankshares, Inc. completed a merger with Town Square Financial Corporation ("Town Square Financial") and its bank subsidiary, Town Square Bank for the purposes of expanding the Company's reach in the market place. Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), the Company incorporated a subsidiary known as Poage Merger Subsidiary, Inc. which was merged with and into Town Square Financial, with Town Square Financial as the surviving entity. Immediately following the merger, Town Square Financial was merged with and into the Company as the surviving entity and Town Square Bank was merged with and into Home Federal Savings and Loan Association ("Home Federal") with Home Federal as the surviving entity. ... More ...