Blue Ridge Holdings, the parent firm of South Carolina-based CertusBank, is buying Atlanta-based broker-dealer Sage Southeastern Securities in an acquisition expected to close this year.

Following the deal, Sage Southeastern will be integrated with the wealth management division of the bank, which is based in Charlotte, NC, and renamed Certus Capital. It will be led by Bob Hogan, wealth management executive at CertusBank. The firms' combined customer base spans the Carolinas, Georgia and northern Florida.

The acquistion will enable CertusBank to offer a wider range of wealth management products and services, and also adds to its roster of certified financial planners and investment advisors, the firm said. Overall, the bank currently has 32 offices and around $1.8 billion in assets.

The terms of the transaction were not disclosed, and remain subject to regulatory approval.