M&A Deal Summary

Reliant Bank Acquires First Advantage Bancorp

On October 23, 2019, Reliant Bank acquired financial services company First Advantage Bancorp for 123M USD

Acquisition Highlights
  • This is Reliant Bank’s 2nd transaction in the Financial Services sector.
  • This is Reliant Bank’s largest (disclosed) transaction.
  • This is Reliant Bank’s 2nd transaction in the United States.
  • This is Reliant Bank’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2019-10-23
Target First Advantage Bancorp
Sector Financial Services
Buyer(s) Reliant Bank
Deal Type Add-on Acquisition
Deal Value 123M USD
Advisor(s) Raymond James - Investment Banking (Financial)
Kilpatrick Townsend & Stockton LLP (Legal)

Target

First Advantage Bancorp

Clarksville, Tennessee, United States
website
First Advantage Bancorp is a bank holding company that operates eight banking centers in Clarksville, Franklin, and Nashville, Tennessee, and a loan production office in Knoxville, Tennessee, through its wholly-owned subsidiary First Advantage Bank.

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Buyer(S) 1

Buyer

Reliant Bank

Brentwood, Tennessee, United States

website

Category Company
Founded 2006
Sector Financial Services
Employees428
Revenue 130M USD (2020)
DESCRIPTION

Reliant Bank provides a range of commercial banking services for businesses and individuals in the Middle Tennessee region and the Nashville-Davidson-Murfreesboro-Franklin Metropolitan Statistical Area. The company operates in two segments, Retail Banking, and Residential Mortgage Banking. Reliant Bank was formed in 2006 and is based in Brentwood, Tennessee.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Tennessee) 2 of 2
Country (United States) 2 of 2
Year (2019) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-16 Community Bank & Trust

Ashland City, Tennessee, United States

Community Bank & Trust is headquartered in Ashland City, Tennessee, and had approximately $251 million in total consolidated assets, approximately $169 million in gross loans and approximately $208 million in deposits as of June 30, 2019. TCB Holdings operates banking centers in Ashland City, Kingston Springs, Pegram, Pleasant View and Springfield, Tennessee.

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