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FB Financial eyes 40 potential targets in footprint, more in possible expansion

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FB Financial eyes 40 potential targets in footprint, more in possible expansion

Nashville, Tenn.-based FB Financial Corp. is actively evaluating several M&A opportunities in its current markets, as well as potential expansion in other regions.

In a first-quarter investor presentation, the bank said it is eyeing 40 banks within its current footprint with assets between $400 million and $3 billion as potential targets. Of these, 20 have between $400 million and $750 million in assets, 10 have between $750 million and $1 billion in assets, and another 10 have between $1 billion and $3 billion in assets.

The company is also interested in expanding in several markets, including that of Tuscaloosa, Ala.; Asheville, N.C.; Atlanta; and Birmingham, Ala. FB Financial is targeting 31 banks headquartered in these markets with assets between $400 million and $3 billion, as well as 15 banks in community markets with assets between $400 million and $3 billion.