Commercesouth Inc.

In May 2003, CommerceSouth, Inc. and BancTrust Financial Group, Inc. entered into an agreement whereby the two CommerceSouth Banks would become wholly owned subsidiaries of BancTrust through the merger with and into BancTrust. BancTrust would pay CommerceSouth shareholders a mix of cash and stock worth approximately $25.50 for each share of CommerceSouth stock. The cash to be paid is set at $12.75 per share. CommerceSouth, Inc. operates as the holding company of CommerceSouth Bank Alabama and CommerceSouth Bank Florida. The banks provide full banking services, including mortgage services and Internet banking. The banks offer interest-bearing and non-interest-bearing deposit accounts; commercial, real estate, and personal loans; correspondent banking services; and safe deposit box activities. The company was incorporated in 1988 and is based in Eufaula, Alabama. CommerceSouth Bank Florida has branches in Santa Rosa Beach, Grayton Beach, Freeport, Lynn Haven, and Panama City Beach, Florida; and CommerceSouth Bank Alabama has offices in Eufaula, Montgomery, and Prattville, Alabama.