BancTrust Financial Group, Inc. Announces Modification of Loan Agreement and Delay in Filing Annual Report on Form 10-K

MOBILE, Ala.--(BUSINESS WIRE)--BancTrust Financial Group, Inc. (NASDAQ: BTFG) (the “Company” or “BancTrust”) today announced that it has entered into a Modification of Loan Documents with the Federal Deposit Insurance Corporation, as Receiver of Silverton Bank, National Association, as lender, that amends the Loan Agreement and related Promissory Note dated October 16, 2007, between the Company and The Bankers Bank, N.A. (whose name changed to Silverton Bank, National Association), which were previously modified on October 28, 2009, November 10, 2010, April 18, 2011, and January 5, 2012. The loan being modified is secured by all of the outstanding common stock of BankTrust, the Company’s wholly owned banking subsidiary, and currently has an outstanding principal balance of $20 million.