Douglasville deal dead. (Bank South Corp.'s annexation of Bank of Douglasville) (The Insider)

Douglasville deal dead

Bank South's proposed acquisition of Commercial Bank of Douglasville is dead.

As of Oct. 31, Bank South did not receive regulatory approval to complete the transaction. According to the banks' agreement, either side could walk away from the deal after Oct. 31 if there was no regulatory approval.

Neither side has officially submitted in writing to the other that the deal has died. But "that is just a technicality," says a Bank South spokesman.

Robbie Robertson, the Bank South veteran who had been running Commercial Bank since the deal was announced, has gone back to Bank South's …