Business transitions

Community Exchange Bancshares has reached an agreement to acquire Hindman Bancshares, owner of the Bank of Hindman. Following the purchase, Community Exchange will operate the Bank of Hindman under its historic name and intends to retain the bank's employees. The transaction is expected to close this summer.

IMG Associations, the association management division of IMG, has signed a sales-based services agreement with the College Sports Information Directors of America. CoSIDA was founded in 1957 and represents more than 2,500 college sports information and communication directors in the United States and Canada.

Compiled by Dorothea Wingo