Reliant Bancorp, formerly Commerce Union Bancshares, merged with Columbia, TN-based Community First. Their respective subsidiaries, Reliant Bank and Community First Bank & Trust, also merged, with Reliant Bank surviving.
On a pro forma basis as of September 30, 2017, the combined company had total assets of approximately $1.5 billion, total deposits of approximately $1.3 billion and gross loans of approximately $1.1 billion. Post-transaction, Reliant Bank will operate 15 branches, two loan and deposit production offices and two mortgage services locations throughout Middle Tennessee and Chattanooga.
“The addition of Community First’s assets, loans and deposits will be an important part of our continued growth in 2018. We expect to report record assets, loans and deposits for Reliant Bancorp for 2017, prior to the closing of our merger with Community First,” said DeVan D. Ard, Jr., chairman, president and CEO of Reliant Bancorp. “We look forward to building the Reliant brand across our markets in Middle Tennessee and Chattanooga.”
