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Reliant Bancorp/Tennessee Community Bank Holdings deal has $1.8M termination fee

The recently announced merger agreement between Reliant Bancorp Inc. and Tennessee Community Bank Holdings Inc. indicates a termination fee of $1.8 million, according to a regulatory filing.

The agreement gives both companies the right to terminate the deal under certain circumstances.

The cash-and-stock transaction is expected to close in the first quarter of 2020.