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  6. First Bank Acquires Franklin Financial Network

M&A Deal Summary

First Bank Acquires Franklin Financial Network

On January 21, 2020, First Bank acquired financial services company Franklin Financial Network

Acquisition Highlights
  • This is First Bank’s 4th transaction in the Financial Services sector.
  • This is First Bank’s 4th transaction in the United States.
  • This is First Bank’s 3rd transaction in Tennessee.

M&A Deal Summary
Date 2020-01-21
Target Franklin Financial Network
Sector Financial Services
Buyer(s) First Bank
Deal Type Merger
Advisor(s) Evercore Group (Financial)
Alston & Bird (Legal)

Target

Franklin Financial Network

Franklin, Tennessee, United States
Franklin Financial Network is a provider of deposit and loan products, treasury management, wealth management, trust, and financial planning services for consumers and businesses. Franklin Financial Network was founded in 2007 and is based in Franklin, Tennessee.

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Buyer(S) 1

Buyer

First Bank

Nashville, Tennessee, United States
Category Company
Founded 1906
Sector Financial Services
Employees1,490
Revenue 458M USD (2024)
DESCRIPTION

First Bank is a bank holding company. FB Financial operates through its wholly owned banking subsidiary, FirstBank, with 45 full-service bank branches across Tennessee, North Alabama and North Georgia, and a national mortgage business with offices across the Southeast. First Bank was incorporated in 1906 and is based in Nashville, Tennessee.

DEAL STATS #
Overall 4 of 4
Sector: Financial Services M&A 4 of 4
Type: Merger M&A Deals 1 of 1
State: Tennessee M&A 3 of 3
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-17 Farmers National Bank

Danville, Kentucky, United States

Formed in 1879, Farmers National Bank is a provider of a comprehensive variety of financial services and products. The company offers Investment Management; Trusts; Estates; Retirement; 401(k)s; Employee Stock Ownership Plans (ESOPs) and Private Banking with offices located in Danville, Bowling Green and Lexington, Kentucky.

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Legal