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Reliant Bancorp closes acquisition of Tennessee Community Bank Holdings

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Reliant Bancorp closes acquisition of Tennessee Community Bank Holdings

In Tennessee, Brentwood-based Reliant Bancorp Inc. closed its deal for in-state peer Tennessee Community Bank Holdings Inc. and unit Community Bank & Trust in Ashland City on Jan. 1.

Community Bank & Trust merged with and into Reliant Bancorp unit Reliant Bank. The combined bank has 22 full-service branches throughout Middle Tennessee and Chattanooga, with total consolidated assets of about $2.0 billion, deposits of about $1.8 billion and gross loans of approximately $1.5 billion, based on Sept. 30, 2019, financial data, according to a news release.

Law firm Butler Snow LLP advised Reliant Bancorp, while Hovde Group LLC served as the financial adviser. Tennessee Community Bank Holdings was advised by law firm Bass Berry & Sims PLC, while Olsen Palmer LLC served as its financial adviser.