当地银行将以6.11亿美元合并

当地银行将以6.11亿美元的价格合并

2020年1月21日下午3:30 CST

Nathan Morgan |纳什维尔商业杂志

Chris Holmes is CEO and president of 世界赌博十大网站.

Two of Middle Tennessee’s largest local banks are combining.

周二, Nashville-based 世界赌博十大网站 (NYSE: FBK) announced its acquisition of Franklin-based Franklin Synergy Bank (NYSE: FSB). The cash-and-stock deal is valued at $611 million, according to a news release.

The deal is expected to close in the third quarter, with the combined bank to operate under the 世界赌博十大网站 brand.

This is Middle Tennessee’s largest bank deal since 顶峰银行花费了201美元.大道银行400万美元 in 2016. It stands to have broad ramifications in Nashville for a variety of reasons, including that 世界赌博十大网站 will now have the No. 1 market share in Williamson County, Nashville’s affluent Southern neighbor. 此外, the deal is expected to give 世界赌博十大网站 more than $10 billion in total assets, thereby expanding lending opportunities for its team of bankers.

According to company filings, 世界赌博十大网站 will have roughly $10 billion in total assets, $8.1美元和7美元.2 in total loans, once the deal is finalized. 世界赌博十大网站 will become Greater Nashville’s sixth-largest bank, 基于存款, according to Nashville Business Journal research.

“We are very excited to announce our proposed merger with Franklin,——克里斯·霍姆斯, 第一银行首席执行官, 在声明中说. “富兰克林(Synergy Bank)是一家知名银行, high-service community bank with a leading position in Williamson and Rutherford counties. We are joining forces with the leading community bank in two of the most attractive counties in our market area. We look forward to building on the strong customer relationships that Franklin has fostered.”

作为交易的一部分, 世界赌博十大网站 will establish its operations center and mortgage headquarters at Franklin Synergy’s current headquarters, 释放状态.

第一银行上市以来, Holmes hasn’t been coy 十大正规网投信誉平台 his desire to grow 世界赌博十大网站’s footprint, emphasizing the bank’s desire to push into contiguous markets. 四个月前，福尔摩斯和他的团队 在51美元.900万年 花钱进入南肯塔基州, 抢购斯科茨维尔, Kentucky-based Farmers National Bank of Scottsville.

2018年，第一银行 支付了3800万美元 14个分支机构, many of which were in Knoxville and Chattanooga, from Atlanta-based Atlantic Capital Bancshares (Nasdaq: ACBI). 2017年，第一银行 花了284美元.200万年 to snap up two banks: Knoxville’s Clayton Bank and Trust and Tullahoma’s American City Bank.

The deal follows a tumultuous few years for Franklin Synergy Bank.

自2007年推出以来, Franklin Synergy frequently caught regulators’ attention over its fast growth and heavy concentrations in commercial real estate, something regulators have been cautious of since the Great Recession. 两年多来，银行 是根据谅解备忘录吗 with federal regulators that placed guidelines around its growth; those restrictions 被取消 2019年1月.

Richard Herrington, the bank’s longtime CEO and founder, 宣布突然退休 两个月后. In addition, his son Kevin Herrington stepped down as the bank’s chief operating officer. 他们 最近筹集的资金 为他们的下一次冒险提供资金, which Herrington told the NBJ will use technology to help banks operate better.

9月，迈尔斯·琼斯 was named Herrington’s permanent replacement在担任临时首席执行官之后. The release did not say whether Jones will be one of the Franklin Synergy executives to stay with 世界赌博十大网站 following the deal’s completion.

“We believe that this transaction benefits all of our stakeholders, and we firmly believe that we will be better together,琼斯在一份声明中说. “Our focus will remain concentrated on our customers, and our ability to serve their needs will be stronger than ever.”

当然, 世界赌博十大网站 and Franklin Synergy joining forces isn’t the only bank deal that could disrupt the Nashville market. 布伦特伍德的Reliant银行 最近定稿了售价37美元.200万收购 阿什兰市社区银行的首席执行官 & Trust, with officials now focused on closing out 其123美元的.400万购买 总部位于克拉克斯维尔的First Advantage Bancorp的首席执行官. Those deals will give Reliant roughly $3 billion in total assets.

Evercore served as Franklin Synergy’s financial advisor, while Alston & Bird LLP担任该银行的法律顾问. J.P. Morgan Securities LLC served as 世界赌博十大网站’s financial adviser, while Wachtell, Lipton, Rosen & Katz served as the Nashville bank’s legal adviser.